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September 2019

The wool market had a small reprieve from the exhaustive losses that began in June. We did see a similar pause a fortnight ago, although reports from the auction floor suggest that this time around it might be the point of recovery as glimpses of...

Increasing cattle slaughter and yarding levels heading into early spring have seen cattle prices continue to soften this week for most categories. Further weighing on the general sentiment was the updated three-month rainfall outlook from the Bureau of Meteorology which points to a long dry...

The main ovine indicators have found some sort of support in the last fortnight, with the Eastern States Trade Lamb Indicator (ESTLI) spending a second week just above 800¢.  Mutton has maintained its position in the 99th percentile.Figure 1 shows the ESTLI remaining steady this...

The new key support level of 800¢ has held this week for the Eastern States Trade Lamb Indicator (ESTLI).  Prices steadied in all states, but it was the sucker lambs coming out of NSW which were priced the best.   After dropping like a stone for...