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February 2017

Lamb price goes up, more lambs come to the market, lamb price goes down. It’s a pretty simple equation but the trend remains up. For now. All sheep and lamb indicators felt the impact of stronger supply, except Merino lambs. Just when we thought lamb supply...

Soft wheat and feed barley prices have continued their move higher this week. Exporters are chasing these lower grades as they have become very cheap. Chicago Board of Trade also found some extra strength, until last night, which has been adding support locally, and providing...

Strong cattle prices have seen more cattle drawn out. With Meat and Livestock Australia’s (MLA’s) weekly slaughter data for last week showing a 2017 high. It seems things settled a bit this week, but rising export meat prices are at least supporting cattle prices. In last...

A firm recovery in price across all east coast categories of lamb and mutton reflecting the underlying tight supply anticipated this season to see the Eastern States Trade Lamb Indicator (ESTLI) surge to fresh highs, closing at 664¢/kg cwt yesterday – a gain on the...

AWEX report a “good solid market over three selling days”; again it was the fine wool leading higher while the rest of the market held firm. Crossbreds also finally found some support and reversed their long downward spiral to see the 28 MPG improve by...

Normally World Agricultural Supply and Demand (WASDE) reports released early in the year are relatively benign. The old crop is largely known, with only minor changes in exports to move the market. Not this month however, with wheat getting a boost thanks to some surprises. World...

Surging weekly Queensland throughput and above average NSW throughput weighed on cattle prices in these regions dragging down the east coast figures this week with the Eastern Young Cattle Indicator (EYCI) dropping to levels not seen since the start of the season. Figure 1 highlights the...

Key Points  Diverging price trends between the US and Australia during much of 2016 saw the usual EYCI discount spread to US Feeder Steers move into extreme positive spread territory. A lift in US cattle prices in the last quarter of 2016 saw the spread...