Resilient cattle and lamb prices sustain flat NAB Rural Commodities Index.
Cattle markets and southern rain stabilises NAB’s Rural Commodities Index
Overall, the NAB Rural Commodities Index rose 1.1% in April, largely reflecting higher cattle, lamb, dairy and cotton prices, offsetting further declines in grain.
Overall, the NAB Rural Commodities Index fell 2.7% in March, largely reflecting lower cattle, grain and fruit prices.
Overall, the NAB Rural Commodities Index gained 0.2% in February – “above water” only due to strong gains in fruit and vegetables, dairy and to a lesser extent wool and sugar.
Global Dairy Trade auction results have seen some upside since December after a fairly weak run over much of 2018.
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