GRAIN
Australia is on track to produce the second-highest wheat crop on record, on the back of the highest wheat crop on record. But globally, tight wheat stocks are supporting the price outlook.
CATTLE
Tight global beef supply and rising prices support the floor Australian cattle prices have established in recent times. It still doesn’t look like our markets are heading back to 2018-19 levels in the medium term.
LAMB & SHEEP
While lamb supply is on the increase, it is more than matched by increasing demand. As we look forward to 2022, we should see prices fall, but that assumes steady demand, and we have seen six demand surges in the past twenty years.
WOOL
The wool market remains positive despite global concerns about the economy and available energy supplies. It is supported by strength in the apparel fibre complex.
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