Measures of cattle supply across the east coast probe lows not seen in many months and prices across categories are mixed on the week. The reduced supply points to a chance for a rally but the lack of rain is hampering the bounce, despite solid...
Cattle markets continued to track sideways this week, with very little in the way of major movements in most indicators. We did see the Bureau of Meteorology (BOM) update their three month outlook yesterday, which is a little more promising, but not much, while the...
It was the best of yardings, it was the worst of yardings...
Back to hushed tones and whispers in the forwards market this week, as only two trades agreed. One trade was dealt for 21 Micron wool and agreed at 1,680¢ for later this month. One trade was dealt for 28 Micron wool and agreed at 920¢ for...
Cattle slaughter ticked up last week, but prices continued to track sideways. The market seems to be in a holding pattern in the east, while the WA premium remains strong.Just when we thought finished cattle supplies were heading for their spring lull, Victoria and NSW...
This week the wool market opened strongly in the three selling centres, posting gains across all MPG’s of up to 100 cents. Again, the medium merino types found the strongest price increases, although any “Good style” wools with high N/Ktex in the fine types were...
The hay market is set for another hot year. Supplies have dwindled but there are reports of plenty of crop being cut. Part of Victoria, South Australia and Tasmania are having good seasons, after dry summers, and this week we look at the numbers on...
Forwards has almost, but not quite seen exclusivity toward 19 Micron wool this week. We saw one trade for 21 Micron wool, agreeing at 1,750¢ for October. For 19 Micron wool, a mighty ten trades dealt, the lions share of these this year. Four trades were agreed...
Recent cattle market trends continued this week. Young and store cattle remained on the slide, while support for finished cattle remains. The latest BOM three month outlook doesn’t offer a lot of hope for rising prices for the rest of the year. There was a bit...
Earlier in the week we took a look at beef export flows out of New Zealand, and the impact increased Chinese demand was having on markets. Chinese demand for lamb and mutton has also been on the rise, and it’s an opportune time to look...