A combination of low saleyard volumes and rainfall have helped to shore up the Eastern Young Cattle Indicator (EYCI) this week amidst the Easter and ANZAC public holidays, which have provided limited cattle sale opportunities. The shortened trading week due to the Easter break and ANZAC...
Grain in Australia is a tale of two markets. The country is still in an effective drought, whilst the rest of the world is on course to produce a bumper crop. In this article, we will update on the situation with the A$ and overseas...
Seven weeks of sequential losses in the wool market have finally turned around. With the market being on recess for the next week due to the Easter break, buyers were aggressive in their attempt to secure quantity. The egg hunt hasn’t begun, but the hunt...
The lack of rain continues to be a weight upon the entire agricultural industry. The forecasts tease moisture, but they never seem to bring much excitement. In this weeks’ market comment we look at how consumer jitters have driven the local market. The forecast rainfall in...
Prices for all NLRS reported categories of east coast lamb and sheep have risen from levels recorded in mid-March, despite most measures of supply reaching toward seasonal highs. Most categories of lamb are fetching over 700¢ and mutton is holding above 500¢ this week.Since mid-March...
Just when we thought the Eastern Young Cattle Indicator (EYCI) was going to break through last years’ level for the first time in over 18 months, the tap turned off and Easter arrived to disrupt the market. This week the EYCI rally not only stalled...
African Swine Fever (ASF) is the talk of the industry at present. Data out of China tends to be open to a level of interpretation and expectations are that there are higher levels of culling than government reports would suggest. In this article, we will...
Higher than average interest in crossbreds continued this week, a reflection of the historically good prices they are experiencing. The Aussie dollar rose on average this week and apart from the crossbreds, the forward market was quiet again.In the medium wool category, two trades were...
The USDA released their updated world agricultural supply and demand estimates (WASDE) report on Wednesday. As we approach the new marketing year the WASDE report becomes less relevant as the data contained within is largely set with only minimal tinkering around the edges. The most important...
The Eastern Young Cattle Indicator (EYCI) eased 5% on the week to close at 481¢/kg cwt as limited rainfall and higher throughput conspired to weigh on the market. This move was mirrored across the broader national cattle market, except for the Medium and Heavy Steers. Improved...