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July 2018

The restocker lamb discount in NSW has reached new lows in recent weeks. Store lambs are likely to remain relatively cheap if it doesn’t rain, finished lamb prices should remain strong. A good rain will boost store lamb prices in the short term, and...

Lamb and sheep markets have hit some solid resistance at the 730¢ and 520¢ mark respectively. There are plenty of reports of processors cutting shifts and slowing production rather than competing harder for lambs. The latest three month forecast doesn’t suggest the supply of finished...

The wool market has now closed for the annual 3-week winter recess, and all industry players would have been pleased with the final sales. A solid and well supported market leading into a break provides all with confidence, especially wool exporters travelling overseas to visit mills...

It is going to be a very interesting fortnight. All the major factors which impact grain pricing are likely to come into play, adding volatility. In this weekly update, we take a look at the two big uncertainties – geopolitics and European downgrades. The US...

After the big spike in lamb prices last week the market steadied. There was plenty of talk about the high prices making things hard for processors, but lamb and sheep slaughter still managed to remain at or above last year’s levels. Figure 1 shows weekly lamb...

The wool market lurched into F19 with an overhang of wool producer’s bales looking to swing income from F18 to F19. If the plan was to reduce tax payable, the market assisted and pulled the market back in all centres and on both days. By the...

It has been a long week for Mecardo’s resident ‘football’ nut in Ballarat, breaking up a busy week with a late night only to see the Socceroos going down two-nil. This correspondent is more interested in the local brand and is hoping the Demons can...

The big upward move in the wool market last week and the return of Fremantle resulted in an increased offering this week, with the market easing slightly. The end of financial year sale resulted in finer types retreating by 20 to 40 cents. The Eastern Market...