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August 2017

Every quarter the Australian Bureau of Statistics survey retail meat prices as part of the construction of the Consumer Price Index.  Meat and Livestock Australia (MLA) have a formula for converting the numbers from the indices into average retail prices.  Given the levels of saleyard...

Just when we were expecting the lamb market to continue its late winter and spring slide into the mid-500s, demand seems to have found some life.  This week the lamb market rallied back to 5 week high despite increasing slaughter rates. Markets can sometimes defy even...

The optimism that was evident following the last two weeks of strong wool market sales suffered a reality check this week. With the market only selling in Melbourne & Sydney, and with the sale conducted on Tuesday & Wednesday due to “Wool Week” activities, it...

In recent times, there have been accusations of Russian tampering in western politics. In the wheat game, the Russian crop is interfering with our grain pricing! In this week’s comment, we highlight the Black Sea, and its impact on global pricing. In figure 1, the spot...

Average trade lamb prices continue to track around the 600¢ mark on the east coast, and higher in the west. Lamb and sheep slaughter has rallied and is sitting well above last year’s mark, but demand appear to be keeping pace with supply. In the week...

Beef and Lamb NZ’s mid-year stock number survey shows the Kiwi sheep flock and number of breeding ewes continuing to decline into 2017, albeit at a lesser degree than in previous seasons. Although, good pasture and ewe condition throughout the breeding cycle has seen an...

Last week the market kicked off for the season with full force and we expected week 2 to be a little lacklustre in comparison. But no, the Australian Dollar plunged, the auction price peaked and those with the patience to hold on past the first...

In the past week there has been significant posturing from both the Donald, and North Korea threatening to bring ‘fire and fury’ upon one another. It looks like the USDA might have fired the first salvo, with the release of the August WASDE report. In...

Some big moves again in East coast lamb and sheep yardings this week, heavily influenced by NSW flows, but for the most part prices around the country finished firmer. The headline, Eastern States Trade Lamb Indicator rising 1.3% to break back above 600¢ - although...

The three-week recess seemed to create pent up demand from the processors, with the larger offering and stronger A$ unable to dampen competition – the wool market had a good week. AWEX reported that buyers were bidding strongly from the outset to fill orders secured...