After weeks of a glowing market that seemed to keep on rising with record on record, the peak was finally reached and the market edged over the other side. Nearly all categories and microns across the country retracted on the week, however it wasn’t enough...
The Eastern States Trade Lamb Indicator (ESTLI) continues to hold its ground in the face of strong lamb throughout figures being recorded in South Australia and Victoria, closing yesterday just 1¢ softer at 610¢. East coast mutton was even more defiant in the face of...
Meat and Livestock Australia (MLA) seem to have sorted out the differences with processors who were holding back data slaughter data. For the last couple of week’s slaughter data has confirmed what we thought, cattle supply has been tight. Figure 1 shows east coast cattle slaughter...
The South Australian Greens have extended the moratorium on GM in their state and over the past few weeks the mob at Mecardo have been investigating the claim made by the Greens that the GM ban, and their clean, environmentally sustainable image, provides a price...
According the Australian Livestock Exporters Council (ALEC) it was agreed last week that China are going to cut the 10% tariff on live feeder and slaughter sheep and cattle imports by January 2019. Is this a big deal, or not? Breeding cattle dominate the Australian live...
Robust northern cattle prices are attracting stock to the saleyards again this week in Queensland. Although, East coast throughput is sitting at fairly average levels for this time of the season as higher than average northern states yardings are offset by below average levels in...
The market continues to trade with a lack of strong fresh information. The real focus now is on what is happening locally. We continue to sit at strong local levels, but how long will it last? On the global stage, Chicago wheat futures took a tumble...
It could be the beginning of the spring flush, or it could be another blip in what has been an exceptional spring for prices. The rainfall this week might also have something to say about lamb prices in the east, but in the west they...
AWEX identified an interesting statistic this week; the turnover of wool sold this week of $96 million was the largest since 2002. The kicker is that while this week it was generated by the sale of 49,000 bales, in 2002 it was on the back...
The US Department of Agriculture released their World Agricultural Supply and Demand Estimates overnight. In this week’s comment, we will take a look at the impact on wheat, and report on new import barriers being erected in India. In last week’s comment, I mentioned that...