Cattle prices continued to slide this week, but managed to show some positive signs on Thursday. There were falls across the board on the east coast, as supply continued to overwhelm demand. Even the Western Young Cattle Indicator (WYCI) has started to weaken, losing 11¢ this...
The Eastern States Trade Lamb Indicator (ESTLI) managed to climb 3.8% this week and East coast mutton wasn’t far behind, registering a 3.6% gain, as lighter throughput compared to this time last season lent some support to prices. East coast Restocker lamb was one of the...
In the Friday cattle market comment from last week we mentioned that the Eastern Young Cattle Indicator (EYCI) was likely to find some support in the coming weeks from a firmer 90CL price. In this analysis we take a deeper look at the historic relationship...
All of the action this week was in the 21 micron category, where the fine prices set on grower orders are lower than the current auction prices, but on par with fine trades to mid-2019 over the last few months, signaling confidence in a stable...
There are still plenty of lambs coming for slaughter in Victoria, but NSW supply is waning. As such, lamb prices have been on the wane early in the year, and mutton has also been dragged lower. It seems the destocking of sheep isn’t over yet. In...
The last 3 weeks of sales have seen big volumes of wool on the market. Now the normal story would be a hit on prices, but results have been curiously stable. The Eastern Market Indicator (EMI) rose 13 cents on the week, ending at 1,923...
The first full week of cattle sales for 2019 provides limited cheer after the festive break with all key reported categories along the east coast registering price falls. There was a glimmer of hope in offshore markets, but the Bureau of Meteorology (BOM) compounded the...
The market trades based on information. The largest source of publicly available information is currently on a record-breaking holiday thanks to the US government shutdown. What impact does this have? January is typically a quiet month for overseas markets. This month has been no exception to...
A bit of action was seen in the 19 and 21 micron categories to kick off 2019 for the wool forward market and some interesting developments in the coarse wool forwards gave growers a chance with crossbreds to get some cover at great levels. In the...
There will be many of our readers who use swaps as an instrument in their grain marketing toolbox. The swap is a simple tool to use, and in general, is used pre-harvest but are there opportunities to turn the swap on its head and use...