It is important to keep an eye on the market for pricing opportunities, especially beyond the current season.In the past few years, there have been excellent opportunities at this point of the year to lock in strong futures levels, especially offshore. How does it stack...
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 Eastern Young Cattle Indicator (EYCI) is finally having a go at its winter rally. Seasonal conditions are on the improve in the south and it appears restockers might have decided it is time to take on some risk.The rain was concentrated in southern areas...
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...
The bulk of the world’s wheat crop is produced in the northern hemisphere, if something goes wrong there it can have a colossal impact upon pricing. Overnight the USDA released their July WASDE report. In this week’s comment, we will look at who the winners...
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...
Just when you thought cattle slaughter might start to fall as we headed into the depths of winter, the stats prove you wrong. East coast cattle slaughter hit a new four year high last week, with Victoria showing some unusual strength. East coast cattle slaughter usually...
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),...
The wheat market has well and truly entered the volatile northern hemisphere weather market. It looked for a while like the wheat market was only moving in one direction. However, the past week has seen a retreat in pricing.The wheat market and I have something...