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Weekly Comments

Weekly Cattle Comments - 09.04.21

A disrupted and short-selling week failed to dampen the surge in cattle offered exclusively through AuctionsPlus this week, with total numbers hitting 19,631 head – up 167% on the previous week. Drying paddocks, changing seasons and high prices contributed to the additional numbers, along with the significant backlog of cattle that were unable to be marketed in the previous weeks.

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Weekly Comments

Weekly Sheep & Lamb Comments - 01.04.21

In the wake of widespread falls of recent weeks, the number of sheep and lambs offered exclusively through AuctionsPlus this week was down considerably, to 46,681 head. After last weeks higher market, prices movements this week were varied, with falls for the largest lines of Merino wether and crossbred lambs, while SIL first cross ewes averaged $52/head higher.

Weekly Comments

Weekly Wool Comments - 01.04.21

The national wool offering saw a marginal increase in the number of bales offered this week, with a total of 48,971 compared to 46,622 the week prior. The AWEX Eastern Market Indicator rose by 9c on Tuesday and a further 6c on Wednesday, seeing the selling week close out at 1,300c, representing a proportional increase of 15c from last week’s figures or 989c in US dollars.

Weekly Comments

Weekly Cattle Comments - 26.03.21

The widespread rain across many key cattle producing regions over the past two weeks has seen a consolidation in demand for light and young cattle at historically high levels, as available supplies plummeted this week. Rainfall through central and southern Queensland, with extensive flooding in NSW, has created significant supply and logistics issues, which is likely to be maintained for some weeks, impacting the ability to move stock off farm.

Weekly Comments

Weekly Wool Comments - 26.03.21

The national wool offering saw a marginal drop this week, with 46,622 bales offered as opposed to 50,603 last week. The AWEX Eastern Market Indicator rose by 6c on Tuesday and a further 2c on Wednesday to close out the selling week at 1,285c/kg, or 977c in US dollar terms.

Weekly Comments

Weekly Sheep & Lamb Comments - 26.03.21

In the wake of the very wet conditions, total lamb and sheep exclusively offered through AuctionsPlus this week contracted 21%, to 85,803 head. With the sharp contraction in supplies, prices were largely higher for all categories, especially assessed joined ewes, with the refreshed seasonal conditions adding further impetus to the rebuilding intentions.

Weekly Comments

Weekly Cattle Comments - 19.03.21

Substantial rainfall totals through key supply regions in Queensland and NSW this week contributed to prices surging across almost all categories, with last week’s loses almost completely erased. While a 4% decline in numbers offered exclusively online, at 18,430 head, partly contributed to the stronger market, demand was substantially stronger this week, as overall clearance rates for the largest steer and heifer categories exceeded 80%.