Grassroot gains slow the slide
The toll of supply continues to weigh on cattle values at auctions across the country. While conditions may be good in much of the northeast, when it’s time to go, the cattle shall go. Feedlots have got their pick of cattle at ideal weights coming out of northern NSW and southern QLD. The rain event […]
Lambs steady on the grill
Since the initial price reset at the start of January, movements in the lamb market have settled into a more stable range. While plenty of lambs were hitting the BBQ over the weekend, a sharp contraction in saleyard throughput due to the public holiday didn’t drive much of a rally, as may have been hoped. […]
Defying seasonality
Contracting supply and rain were key ingredients in a much stronger lamb and sheep market this week. Seasonal conditions have conspired with robust processing demand which bodes very well for the outlook as we approach the new year. Looking at the rainfall map for the past week explains where the jump in restocker interest came […]
Dressing for success in 2025?
The increased offering of wool bales stirred a range of outcomes this week, particularly affecting the finer micron wool segments. On balance, the Eastern Market Indicator fell 2¢ to 1,142¢/kg in AUD terms and fell 7¢ week on week in USD terms. An additional 5,059 bales were on offer this week compared to the last […]
Fine wool shines amid currency slide
Currency played in the favour of wool buyers this week as weakness in the Australian dollar made the purchase price look more attractive to those overseas. Fine and mid-micron segments of the market have now returned to levels not seen since June in local terms. The Eastern Market Indicator lifted 7¢ on the week to […]
Record slaughter doesn’t dampen spirits
Despite lamb yardings running at above-average levels over the last few weeks, saleyard reports are still noting a hefty appetite from processors for lambs that meet their ideal requirements. Price movements this week paint a pretty clear picture of that story. The Eastern States Trade Lamb Indicator (ESTLI) lifted to 817¢/kg cwt, up 29¢ on […]
Stimulus falls flat but wool market turns green
The wool markets on a roll, spinning another week of positive gains and lighting up the boards greener than a social media feed on National Ag Day. A small offering and weaker AUD helped to engage buyers of Merino fleece, despite more of the same news on the Chinese economy. With all medium to fine […]
More bang for buyer buck
The 38,904 bales offering this week proved too much for the market to absorb without a further price decline. This coupled with a fall in the exchange rate means that for overseas buyers, wools ‘bang for buck’ is now looking as good as it was in May. It was hoped that the softer Australian dollar […]
Southern buyers sweep up young lambs
Rain reached patches of central and northern NSW this week but failed to find its way south. The dry spring plaguing much of Victoria and South Australia is being reflected in the variation of numbers and quality, and this week it sent processors North. Trade lamb prices firmed in all states, with high-yielding lambs in […]
How a structural shift in fertiliser supply chains is changing the Australian market
Fertiliser supply chains have been put to the test over the last few years, from navigating conflict and surging energy prices to changing trade policies. What began as market disruptions have now evolved into structural changes in the supply chain, with implications flowing on-farm. Australia imports around c.70-75% of our Ammonium Phosphate (AP) from international […]
New season lambs steal the spotlight
A decline in lamb numbers helped the market to switch direction and drive prices higher. Store lamb demand was notably stronger in key saleyards this week, with quality also improving in the south. A few saleyards in Victoria report that new season lamb numbers are now making up the greater share of lamb throughput, as […]
Cattle buyers are content for now
Buyers don’t have to stretch far to find volumes of cattle at the moment. While patches of the east have either received or are due for a few showers, the cattle keep coming. The market was generally softer this week, largely down to ample supply. Over 74,000 head of cattle were yarded across the country, […]
