Merino market upswing carries on in the East
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?
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 […]
Cattle buyers taking sides
Supply pressure knocked the market out of its holding pattern this week, sending prices lower across all key categories. Diminishing feed in parts of the south and the flow of cattle from of the weather-disrupted north saw feeder and young cattle values slide. According to several reports from the yards, buyers paid attention to quality […]
Cattle market steers clear of further falls
After surging last week, producers pulled back the supply reigns, leading to a decline in yardings this week. This halt in supply put a stop to the price slide observed over the past few weeks. Preliminary figures from the MLA indicate that total yardings were down by 37% compared to the previous week, with most […]
Crossbred wools stand out of the flock
An increased offering of wool onto the market enabled buyers to be selective in their purchases. Merino fleece prices were mostly weaker, however, the crossbred segment resisted the trend and posted small improvements. The Eastern Market Indicator (EMI) slid 8¢ over the week to 1163¢. This is the fourth consecutive week that the EMI has […]
QLD weather causes a kink in the chain
Buyers and sellers continue to lean into a rising market as the supply outlook is re-assessed. Cattle prices rose across the board this week, with the market edging closer to year-ago levels for some categories. The Eastern Young Cattle Indicator (EYCI) picked up an additional 23¢/kg cwt this week to settle at 667¢/kg cwt. The […]
Swings in supply disrupt the balance
Supply pulled back significantly this week, likely in response to last week’s cheaper market. After the excitement of a rising market, it appears to be searching for its new level which should reveal in the weeks ahead. The Eastern States Trade Lamb Indicator (ESTLI) on Thursday is up 9¢ compared to the close of last […]
