Heavier lambs throwing around their weight

Finished lamb values continue to push on an upward trend while store lambs lost some ground this week. Trade and heavy weight lamb numbers flowing into yards are thinning and there is concern about how many will remain for purchase in the later months of winter. The Eastern Trade Lamb Indicator (ESTLI) gained 30¢ over […]

Minor movements paint picture of a mixed market

A slightly higher offering drove a slightly weaker price outcome for the wool market this week. However, more positive price movements did emerge later on Wednesday in the Merino fleece and Crossbred sectors. The Eastern Market Indicator lost 5¢/kg in AUD terms which is 84¢ or 7% lower year on year. A rebounding dollar meant […]

Lean supply fuels competition despite a rising dollar

The wool market rebounded in US dollar terms this week, coming off a two-week lull where it sat at the lower end of the recent trading range. A year ago, the AUD hovered at similar levels to where it is now, yet wool prices are roughly 10% lower. The Eastern Market Indicator (EMI) picked up […]

Someone let the bulls out

Northern bos indicus cattle in yard

It could’ve been a post Beef Week high, or an adjustment in demand but this week’s market exuded a higher level of confidence. Sellers were met with a stronger market, despite a lift in cattle throughput. The Eastern Young Cattle Indicator (EYCI) rose by 20¢ over the week, settling at 625¢/kg cwt. The improving prices […]

Cattle market pitches up

The cattle market gained momentum this week, as plenty of active buyers drove prices upward and allowed the market to recover some recently lost ground. Across most categories, prices increased by 15-20¢ compared to last week. According to preliminary figures from MLA, 58,524 head of cattle were yarded across NLRS-reported saleyards. Despite shorter working weeks, […]

Merino market upswing carries on in the East

Flock of merino sheep close up

The positive run continued in the Merino market this week in the east, however, the west failed to sustain the momentum and gave way. As the selling season approaches its tail end, wool volumes are gradually easing, contributing to the recent price improvements. The Eastern Market Indicator gained 14¢ or 1.2% to settle at 1172¢/kg. […]

Weather whiplash creates erratic cattle market

Roads and paddocks have begun to dry out allowing the backlog of cattle from soaked areas of Queensland and New South Wales to hit the market. The influx of cattle outweighed demand at last week’s price point, and most markets ended this week softer. However, the weather forecast hints that it might not be long […]

Disruption ahead so supply shuffles forward

Sheep producers are making way for the winter crop and getting ahead of the upcoming public holiday sales disruption. Close to 250,000 lambs flooded to saleyards across the country this week which was a huge jump of almost an extra 100k on the previous week. Anzac Day will be commemorated on the 25th of April […]

A goldilocks wool market: not too hot, not too cold

Back from the Easter recess, results were mixed between selling centres with the Merino segment fairly steady in Sydney, stronger in Melbourne and weaker in the West. A large offering was met with mixed interest influenced by a stronger Aussie dollar. The Eastern Market Indicator held steady at 1,142¢/kg clean. The AUD has strengthened since […]

Rain revival for the cattle market?

Cows in pasture paddock

Widespread and heavy rain is falling in key cattle country, and it’s enough to disrupt the flow of cattle to market. After short weeks due to holidays, near-term supply in the north is likely to tighten up with buyers expected to pay up to fill any gaps in the weeks ahead. In the last week, […]

Volume rise rattles the market

Supply and demand worked in the favour of buyers in this week’s market, as a larger offering allowed prices to slip to the lowest level since November. The Eastern Market Indicator (EMI) lost 15¢ over the week, with most of the damage occurring on the opening day of sales. The EMI settled at 1152¢/kg, which […]

Prices slipping despite the positive outlook

Despite an encouraging price outlook for late Autumn and Winter, the market continues to slide lower. It isn’t surging saleyard throughput that’s to blame. The number of lambs and sheep yarded over the last two weeks has been below five-year average levels. However, the number of stock going to processors is ample for the time […]