After multiple years of drought conditions, the current La Nina weather system has given Australian sheep owners a much-needed reprieve. As the country comes out of drought, farmers – particularly across Australia’s east coast – find themselves coming into a much more favourable season, with...
Key PointsSheep slaughter is expected to get tight, both in absolute terms and relative to lamb. MLA’s forecast is for sheep slaughter to move back towards the levels of 2016-17. There is less downside for sheep prices than lamb values as we move towards...
The stark reality of the wool market woes is reported in this week’s AWEX report; the EMI in Au$ terms is 605 cents or 35% lower than the same period last year. As far as supply is concerned, over the past three months there have...
With not all processors operating fully and sheep supply tight, sheep slaughter dropped to the lowest level of the season last week. It’s been a while since we last had sheep slaughter this low, In fact, the last time was back in 2011. Luckily prices...
The latest sheep and lamb industry projections show a slight tightening in annual sheep and lamb supplies. Second half lamb slaughter could be marginally higher than 2019. Forecasts suggest we are in for two years of tight sheep supplies.As we move through the depths...
The market was again cheaper this week, with the large supply of “low yielding” wool continuing to attract discounts negatively impacting on the EMI as buyers struggled to fit these types into orders. While the drought impact has caused yields to be lower, this week...
Lower supply wasn’t enough to put a halt to the softening lamb prices this week, with what appears to be wavering demand. Small sheep numbers on the east coast however, did help to lift mutton prices.So far in June, east coast lamb slaughter has...
Key PointsThe ABS Commodities survey data for 2018-19 was released late in May, confirming a new low for the flock. NSW had the biggest decline in sheep numbers, while on a National scale it was lambs on hand which were down the most. Breeding...
Prices for most sheep and lamb categories took a turn south this week as resistance was found at recent levels. That was despite lower yardings; marking the entry into the tight winter for sheep and lamb supply. Saleyard prices for most categories declined week on...
While the Wednesday opening to the market was positive, Thursday saw a retracement to produce an overall cheaper market. The AUD was strong, hurting buyers buying capacity, while a concerning report was that there was insufficient supply of good yielding wool to fill orders. The flip...