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January 2017

Meat and Livestock Australia (MLA) slaughter figures confirmed that January lamb supply has been tighter than usual. The result has been very strong summer lamb prices, at a time when the market has tracked sideways in recent years. Figure 1 shows east coast lamb slaughter for the week ending the...

Last week we had wool at all-time highs, and the usual response is to look forward to see how much higher it could go. This week the wool market provided a reality check, prices on the opening day (Tuesday) were down 20 to 40 cents compared to the...

Cattle markets have opened 2017 with a bit of a bang, with extraordinary restocker demand, and very good feeder demand driving prices higher. Cattle supply in saleyards has been similar to last year, so it would seem demand is the driver. The Eastern Young Cattle Indicator (EYCI) has rallied back...

Key Points The August-November average diesel price at port was $106/l versus $116 for the past month. There is a global glut of fertilizers on the market which is unlikely to rectify anytime soon. The harvest is all but done, now is the time to start looking...

The Eastern States Trade Lamb Indicator (ESTLI) held onto the strong gains since the start of the year remaining above 600¢/kg cwt this week in the face of solid lamb throughput figures, particularly from NSW, and a resurgent A$ - boosted by a Trump impacted weaker US$. Figure 1 shows...

The first week of sales for the new year last week opened with a bang, the EMI smashed through 1400 cents, while the WMI reached almost 1500 cents. (WMI has little influence from X Bred prices). This week the good times continued, prompting AWI to announce the wool market...

This week Obama is out, and Trump is officially in. The world will be watching as the new ‘leader of the free world’ takes office, and whether he will still be moving the markets through his twitter account. The market is looking forward to the 2017/18 harvest, and wondering...

The last week has been quite quiet in the grain markets, with little in the way of new information. The lack of fresh data has had traders clutching at straws. In this week’s comment, we will take a general look at a potential source of...

A positive start for 2017 with gains across the board for national cattle prices, despite the “Black Friday” finish to the first trading week. The Eastern Young Cattle Indicator (EYCI) up 1% from last year’s closing price to reach 640.5¢/kg cwt while the National Medium Steer price, mirroring...

The wheat market is trying to have a rally, at least in international markets, while locally the sheer volumes of wheat in store, and seeping out into the market appears to be depressing basis. Canola basis has improved, but unfortunately it’s been due to futures falling, not physical...