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May 2019

The ESTLI is trading 28% higher than this year’s low but is yet to break all-time price highs. The NMI is 47% higher than this season’s low and has pushed above the record high price set in 2016 of 526¢. Seasonal percentage price gain/loss...

Cattle markets largely steadied this week, as the yo yo which has been young cattle values stopped to take a look around.  Slaughter rates have been running hot, keeping a lid on prices despite the 90CL hitting a 4 year high. Just when we thought the...

It’s been nice to see the glowing Wool Week campaigns highlighting the benefits of wool to consumers, especially considering the market was far from glowing this week. Prices took another harsh cut, replicating last weeks loss which appears to be driven from uncertainty in the...

Scomo’s win came as a surprise, but lamb prices streaking through 800¢ was not so much.  The timing is a bit earlier than we expected, it raises some interesting questions as to when prices might ease. A couple of weeks ago we were talking about what...

The market is turning around, with overseas concerns starting to be a primary driver on our price (as opposed to drought). In this weeks market comment, we take a look at pricing/basis and the newly launched farm aid package for US farmers. Since July last year...

It’s been quite some time since we’ve seen prices fall so dramatically week on week. From the outset, prices were lower and the falls continued over each day of sale. No micron, style or selling centre was spared. The Eastern Market Indicator (EMI) fell 59...

Yarding figures remain elevated for lamb and sheep despite a recent downturn. Lamb slaughter levels are above average too, while sheep slaughter has returned to levels consistent with the five-year average seasonal trend. Perhaps it is a good omen for producers as we approach Winter...

This week sees the first permit for the importation of wheat into Australia since 2007. This has caused a great degree of consternation with producers in the eastern states. But has it had any impact on prices? The import of wheat into Australia has the potential...

Total mutton trade volumes for April are sitting 21% above the five-year trend. Consignments to Asia are 76% above the April five-year seasonal average level, buoyed by Chinese demand which is running 96% higher than the five-year trend for the January to April period. ...