Key PointsLast week the Australian dollar was the major discussion point. The dollar floated like a lead balloon to lows of 55¢, the lowest level since 2001. This meant that our local pricing and Swaps increased dramatically. As much as last weeks fall was impressive,...
Key points An annual average National Heavy Steer price of 335¢/kg lwt during 2020 would suggest forecast National Feeder Steer price of around 385¢/kg lwt, provided grain prices continue to soften toward the 2020/21 harvest.A forecast of 345¢/kg lwt for Heavy Steers in 2021...
The stellar run for the Eastern Young Cattle Indicator (EYCI) came to a halt this week, with increased yardings forcing the EYCI lower. What wasn’t taken into account, however, was the tanking Australian dollar seen late in the week, which should add support.As reported earlier in...
Key PointsThe markets have gone truly bananas. In a good way for growers but not necessarily for consumers. In the past week, Chicago wheat futures have risen to the highest level since 2012 (in A$ terms). This provides a great opportunity for farmers to start...
Not a day goes by at the moment without a fresh picture on social media of empty supermarket shelves after a wave of panic buying. Despite record price levels for many categories of cattle saleyard throughput numbers remain fixed at the bottom end of the...
Oil is crashing, the stock market is crashing, the Aussie dollar is lower, there is a massive spend on stimulus, the whole country could go into lockdown, but what about sheepmeat? Well, people have to eat.The ‘people have to eat’ story is a good one,...
Despite the resilience shown over previous weeks by the wool market in the face of the global impact and then the week shut-down of sales due to the cyberattack on the Talman system, this week it succumbed. The accumulated effect of increased volume as a...
All markets have taken an absolute hammering since the start of March. The closure of many borders and the curtailing of global trade has resulted in red across the entire grid. However, the fall in the Australian dollar has propelled us into pole position.The...
May you live in interesting times. A phrase which absolutely applies to 2020. As well as Coronavirus, we are also an ‘oil war’ between OPEC nations. This has resulted in big moves in the oil industry.The oil market was falling in recent weeks due to...
There has been a run on toilet roll in Australia, however, we will likely have plenty of cereal. In this update, we step away from COVID-19 and look at some of the fundamentals driving the market. The December 2020 Chicago wheat contract has dropped 6% in...