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May 2018

We recently had a query as to whether there was much seasonality in New Zealand lamb slaughter.  We have covered this before, but given New Zealand are our only major competitor in lamb export markets, it’s worth another look. Australian lamb slaughter has some seasonality, with...

The wool market set another record this week, it is looking settled at these previously un-attained price levels. Probably another record was set when wool producers in the Sydney catalogue sold 99.9% of bales offered in the first day. Growers are enjoying this market! After last...

The weather continues to be the biggest driver of the market both globally and now increasingly at a local level. The Australian crop is currently on the precipice, with a huge degree of risk currently being priced in. In this weekly comment, I take a...

The wool market bounced out of the blocks this week, from outset the buyers were forced to compete vigorously to secure any volume. A weaker Au$ assisted but there was no denying the urgency of the buyers as they bid up. The Fremantle market got a...

After an exciting two weeks previously in the grain market, we keep a largely directionless week. The market continues to keep a close eye on the weather around the world, with the wheat production in an increasingly fragile position. Overnight the USDA released the may...

Lambs continue to flow to the market, keeping a lid on prices. However, mutton values have been on the rise and narrowing the gap, as despite the dry weather, the supply of sheep is either not there or being held tight. Figure 1 shows that sheep...

The force is strong in the wheat market, with positive pricing signals coming forth. The northern hemisphere “weather market” period is always the most volatile time for pricing, with the majority of the worlds crop being in the growth phase. After six years of strong...

The wool market opened the week with a continuation of the softer trend of last week, but on Thursday demand returned, and the market looked to have a completely different tone. This was best reflected by activity on the Fremantle auction floor; the close of last...