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...
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...
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...
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...
The young cattle price slide continued this week as the lack of rain saw price support dry up further. There were no falls for finished cattle however, as demand continues to respond to rising export cattle prices. The cattle prices, as represented by the Eastern Young...
Interest in futures seems to be bouncing back, with 21 trades last week and 15 this week. Crossbreds have garnered some of that attention this week. For 19 Micron wool, five trades dealt. One trade was agreed at 1,650¢ for November. Four trades were dealt for...