The 2016-17 season saw a change in the air drive a change in the paddock for wool production, but how did this impact the market? While winter is here and the recess lingers for the wool market, our season recap continues - this time hitting...
After falling heavily last Thursday night Chicago Soft Red Wheat (CBOT) Futures largely held their ground this week. The real issue for local values came from the Australian dollar, which this week hit a two year high and is dampening the value of our grain. CBOT...
As noted in the commentary from last week the extreme drop in the Western Young Cattle Indicator (WYCI) righted itself somewhat this week, staging an 11% recovery to close at 595¢/kg cwt. The Eastern Young Cattle Indicator (EYCI) largely trekked sideways with a slightly softer...
When we set out to write this article, we thought it was going to be about how restocker demand was on the wane, and one of the reasons the cattle market was falling. While restockers are paying less, they are still buying plenty of cattle. With...
The lamb price bounce continued this week despite a bit of a lift in yardings. The direct to works supply appears to have weakened, with plenty of competition back at the saleyards. All this despite the stronger Aussie dollar which is not doing great things...
First week into the recess, the wool forward market hasn’t moved much. Only a couple of trades, one in fine wool and another in medium wool. 19 micron wool traded at 1775¢ for August 2017. And September 2017 saw a trade at 1450¢ for 21 micron...
It’s nice to be right sometimes, even if it is only for a week. The weekly comment last week suggested the slide in lamb prices was about to halt, and halt it did. The market even bounced back above 600¢ as lamb and sheep yardings...
As we move past the half way mark of the year we can start to get an idea of how cattle supply is faring relative to industry forecasts. Those looking to sell cattle in the second half of the year will not only be hoping...
This week we saw the USDA release their July World Agricultural Supply and Demand estimates, the market has reacted to this news. In this update, we take a short look at Chicago futures & the dollar. The last two sessions in the wheat market have been...
The Eastern Young Cattle Indicator (EYCI) fell for the sixth straight week, and took most other indicators with it. In the West prices tanked, but it might be an outlier. The story remains the same, with dry weather and relatively high prices encouraging offloading of...