Seeing all red on the Eastern States Daily Indicator Report for weekly sheep and lamb movements has been a rare occurrence recently. This week finally saw enough stock come to market to send prices lower.Week on week falls in sheep and lamb prices weren’t huge,...
Lamb yarding numbers are starting to climb across the east coast fueled by lifting Victorian throughput as the spring flush gets underway. However, prices are yet to dampen as a resurgence in offshore demand, particularly from China has export buyers scrambling to fill orders. Weekly east...
The concerns we expressed last week about the weak finish to sales in Fremantle came to fruition, with the Melbourne and Sydney markets quickly adjusting down on the opening day. This proved a catalyst for a loss of confidence and the market tracked lower wiping out...
In the last month, African Swine Fever (ASF) has extended its reach to the Philippines, Korea and most disturbingly to Australian borders at Timor Leste. Additionally, official Chinese acknowledgment has surfaced regarding the scale of the impact on the Chinese pork industry. After the seasonal...
October has started out pretty well for sheep and lamb markets, with lambs finding solid support and mutton back on the rise. October is traditionally a time of strengthening supply, so we might be seeing another lift in demand.The National Mutton Indicator (NMI) rise last...
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...
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...
The lamb market seems to have found a level it like, but mutton continued to slide this week. It doesn’t seem price moves were in response to supply, with demand shifts driving markets early in the spring. The data is a week old, but east coast...
Futures contracts have been chugging along with eleven trades this week. We saw one trade for 18 Micron wool, agreeing at 1,800¢ for March 2020. For 19 Micron wool, five trades dealt. One trade was agreed at 1,755¢ for October and for November, one trade agreed at...
It’s been a week of major come backs. While the wool market lift might not be the most celebrated national victory of the week, records were hit for six to make a spectacular recovery. Goodwill discussions between China and the US on trade appear to...