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 been tanking, at least their stock are still worth very good money. This time last...
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 flock was already falling, here we take a look at how lower wool and strong...
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 change as we approach the spring flush. We aren’t in the depths of the spring flush...
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 on the US/China trade dispute. Most buyers would have called on their northern hemisphere customers over...
Lamb supply continues to contract and with it, prices are on the rise, mostly. There were a couple of negative spots, especially in the restocker department, but we did see an indicator break through the extraordinary 1000¢ level. New South Wales was where the action was...
Remember last year when lamb prices moved through 800¢ and we thought it couldn’t go much further? We have had a case of Déjà vu this year, although prices were 100¢ higher, and this week have continued to rally. Lamb prices didn’t just creep higher either,...
The wool market is now taking the Winter recess over the next three weeks. Buyers were active as they completed delivery orders, lifting the market into a positive finish. Generally, a 10 to 40 cent lift across the individual MPG’s was observed, with the Sydney...
A quiet week in the forwards market with only three trades. One trade was dealt in 20 micron wool for August and agreed at 2,000¢. Another trade was dealt in 21 micron wool for September and agreed at 1,975¢. The remaining trade was dealt for 28...
Just yesterday we released a piece on the prospect of a late Winter rally for the Eastern States Trade Lamb Indicator (ESTLI), signalling a test towards 935¢ this month. So far east coast markets are behaving compliantly, with the key lamb indicator finishing the week...
It was almost possible to hear the audible sigh of relief from buyers & sellers when the wool market began the official 2019/20 season with a “much welcomed positive result”. AWEX reported that after June posted the 2nd worst result in AWEX history (since ’95),...