25 Apr Forecasts tease but never please
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...
Blog
24 Apr Pre-Easter supply glut fails to dampen price
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...
23 Apr Cattle price rally stalled and jammed into reverse.
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...
22 Apr Pigs might fly
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...
22 Apr Weekly Wool Forwards for week ending 18th April 2019
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...
18 Apr The market is still bearish overseas
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...
16 Apr Volume and lack of follow up rain weighs on market.
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...
16 Apr ESTLI back through 700¢ but only catching OTH
Lamb prices have had another positive week, with the Eastern States Trade Lamb Indicator (ESTLI) heading towards Easter above 700¢. As outlined earlier in the week, this could just be...
16 Apr Crossbred fibres on trend
The wool market has progressed through another week sitting firm. The Merino market saw slight declines in the east and west but it’s the Crossbred market that’s attracting all the...
16 Apr Should we be selling new crop wheat?
It’s too early to call the season, with the majority yet to sow their first seeds for the year. In this update I examine pricing for the new season. Should...