The percentage price spread premium between the Eastern States Trade Lamb Indicator (ESTLI) and the National Mutton Indicator (NMI) has been narrowing in recent months. It is not unusual to see this occur during the middle of the season. However, the Mecardo team were wondering...
With a full week of sales returning, yardings were up, yet prices managed to hold ground and in some cases rise. Markets appear to be in a holding pattern, waiting for either a break, or lack thereof, before makings another move. As producers made up for...
Improving prospects in WA contrast the continued dry weather in the east. Markets are reacting as would be expected, with confidence in the NSW crop starting to wane. Internationally, last week’s gains have been given back and east coast markets are still taking some notice. WA’s...
While the market again suffered a significant fall, the AWI commentary on the market noted that almost all of the damage occurred on day one of selling, with a more measured response from exporters on Thursday. Since the peak of March, in four months the EMI...
Declining sale yard throughput and slaughter levels for lamb and sheep markets are making their presence felt on price movements this week. Across the national market indicators prices were up for all categories of stock except for mutton. East coast lamb markets leading the charge higher...
A quiet week in the forwards market with only two trades, reflecting the falling auction markets of recent weeks. One trade was dealt in 19 micron wool for August and agreed at 2,050¢ One trade was dealt in 28 micron wool for August and agreed at...
WA lamb producers have joined the party, with their lambs almost the same price as those on the east. For the east coast, it was either steady or lower for most sheep and lamb indicators. Trade Lamb prices retreated further this week, but mutton managed to...
Have you heard the one about the rain on the US Plains? Thought so. It might seem like déjà vu but the story remains the same, with a few twists thrown in this week. More rain is falling or is forecast to fall across US cropping...
Another week of low offerings, high pass-in rates and price falls.The retracement from the February peak is well and truly happening. All categories were impacted with the exception of the better prepared crossbred lots, although these were in scarce supply. The Eastern Market Indicator (EMI) fell...
Softer cattle prices this week were noted, and impacts were felt most heavily on the younger cattle in the northern markets as the updated Bureau of Meteorology rainfall forecast for the next three months shows a troubling lead into Spring. The Eastern Young Cattle Indicator (EYCI)...