GRAIN
For many growers, full soil moisture banks provide early optimism for the next crop after a successful season. Low global stock carry-over will support the price into the new season.
CATTLE
Restockers continue to fuel local markets as the herd rebuild gains momentum in the north. New calf crops will add some supply pressure in 2022 but will unlikely overwhelm the current demand pace.
LAMB & SHEEP
Short-term supply chain challenges aside, lamb and sheep producers can be confident of sustainable product demand. If the new customers found in 2021 prove sticky, the export demand outlook as economies rebound is very bright.
WOOL
The wool market eases for the quarter, but steady demand produces higher price levels for 2021. Uncertainty in the path ahead has crept back in as we wait to see any impact of Omicron on demand.
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