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May 2020

The modest gains posted last week proved short-lived. The opening day in Melbourne provided some optimism but the market was unable to maintain the early price improvement to eventually end on a disappointing note. The Eastern Market Indicator (EMI) fell by 24¢ this week to close...

Key Points There are 5.1 million dogs in Australia. One for every 4.9 people. The theoretical dog food demand is 451kmt. This comprises 135kmt meat, 142kmt cereals and 142kmt animal byproducts. I was pawndering the value our canine friends had on the grain market.  So...

After four weeks of losses and continuing uncertainty as to the full impact of the COVID-19 effect on the wool supply chain, this week the market settled posting modest gains. The market has a range of differing circumstances; Merino wool with good measurements is sought...

Key supply metrics remain below their normal seasonal range for lamb and sheep markets. The tight supply has provided a lift in prices for all Covid19 reported indicators from Meat and Livestock Australia this week. Weekly east coast lamb slaughter volumes have gained slightly on the...