20 Aug Brown is my least favourite colour
The first sneak peek at the spring rainfall outlook issued by the Bureau of Meteorology (BOM) yesterday paints a grim picture for cattle producers and you could say it’s a...
Market Intel
20 Aug It’s not as bad as wool
The lamb market continued to decline this week, and mutton managed to maintain its strength. Wool producers can take some solace from this, in a week when wool prices have...
20 Aug Will falling wool prices be the end of the wether
Wool prices are crashing, and while still historically strong, yesterday hitting one and a half and two and a half year lows for the 19 and 21MPG’s respectively. The wether...
16 Aug We’re not in Kansas anymore.
Wheat is not just wheat. There are multiple varieties bred for different purposes from durum to noodle wheat. There are also multiple futures contracts which can be used based on...
15 Aug Yardings stronger but demand holding up
The yearly peak for the Eastern Young Cattle Indicator (EYCI) has drawn out more young cattle, but demand was up to the challenge. With young cattle yardings reaching a four...
15 Aug 100¢ lower in just over a fortnight
Just over two weeks ago the Eastern States Trade Lamb Indicator (ESTLI) was peaking at 951¢/kg cwt and yesterday it closed at 851¢ - how quickly sale yard sentiment can...
13 Aug A new month.
With a new month comes new opportunities. This week we take a look at the futures market and basis levels around Australia. Let’s start with the global picture. The market has...
13 Aug Market opens weak and just gets worse
The wool market resumed after the winter recess selling in all three centres but it was an opening that many feared. Demand was negatively affected by the global uncertainty focused...
08 Aug The turning point in pricing?
The end of July sees Australia and the US once again starting to diverge away from one another, with drought concerns coming to the fore. In this week's comment, we...
07 Aug Will African Swine Fever impact upon grain prices?
The biggest issue in the protein markets at present is the African Swine Fever outbreak hitting hard in China. Clearly, there is a direct relationship between different meat products –...