19 Sep Weekly Wool Forwards for week ending 13th Sept 2019
Interest in futures seems to be bouncing back, with 21 trades last week and 15 this week. Crossbreds have garnered some of that attention this week. For 19 Micron wool, five...
Market Intel
18 Sep Lamb and mutton forecasts to 2022
Last week we updated the forecast model for annual young cattle prices to 2022 and this week it is the sheep producers turn to get an insight as to what...
17 Sep Unlucky mutton succumbs to Friday 13th
The Eastern States Trade Lamb Indicator (ESTLI) continues to hold above the 800¢ level as the Victorian flush shows no sign of getting underway yet. However, a jump in sheep...
16 Sep Oodles of overseas wheat
The WASDE report was released overnight by the US Dept of Agriculture and it points to a continued global glut of wheat. Current conditions in Australia mean that what happens...
13 Sep Top twenty Merino price falls since 1947
The August drop in greasy wool prices was substantial, with drought conditions increasing the sensitivity of farmers to lower wool prices at a time of high feed costs and high...
12 Sep Did the dead cat bounce?
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...
11 Sep Climate outlook and supply weigh on prices
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...
10 Sep Risk is back on the table in Australia
The Northern hemisphere is largely complete, with little in the way of uncertainty to move the markets. The focus is now on what happens locally. The risk is definitely back...
09 Sep Supply and demand find equilibrium
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...
06 Sep A floor has been found
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...