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August 2018

After the extraordinary price moves of last week, the wool market seemed to be in a grumpy mood with across the board retreats in prices at the 2-day Melbourne and Sydney sales.The Eastern Market Indicator (EMI) fell back from the start and never recovered, losing...

Surging saleyard lamb prices in the Eastern states have seen the spread between the Eastern Young Cattle Indicator (EYCI) and the Eastern States Trade Lamb Indicator (ESTLI) widen toward historical extreme levels in recent weeks. This analysis piece looks at the historic behaviour of the...

The week that was in wheat. There is always something interesting happening in the wheat market and when there isn’t, the industry can just make things up. In this week’s market comment, we provide some insights into fake news, futures pricing, local basis & the...

Declining saleyard cattle volumes this week were not able to provide a floor to price movements for younger cattle with the Eastern Young Cattle Indicator (EYCI) extending its losses another 2.5% to close yesterday at 450.5¢/kg cwt.  Surging feed grain prices are also taking the...

After finding some solid resistance at 800¢ earlier in August, it looked like lambs stellar run was finished.  This week the market came back to life, with new highs set in heavy and trade lamb markets.Figure 1 shows the Eastern States Trade Lamb Indicator (ESTLI)...

A fall in the Au$, alongside a reduced offering and the prospect of a further reduction in the offerings into the future, conspired to create an almost frenzied wool market this week. The Eastern Market Indicator (EMI) rose strongly from the start and never looked back, gaining...

We are starting to get through the northern hemisphere weather window and the crop condition is now largely known. European Union and Black Sea exports are going to decline and locally we can be sure that Australia won’t export. The task now returns to the...

The first quarter of 2018 was characterised by above normal price behaviour for many categories of lamb and sheep in Western Australia when compared to the Eastern markets. However, uncertainty surrounding the live sheep export trade has seen the situation reverse since April, placing WA...