Livestock either open market stock sales every week in big smoke or local sales about 8 a year or straigh to processors "over the hook" or on farm price given per head.
Wool "open cry" auction system wool is sampoled tested displayed for buyers a week prior to sakle with test results, a valuation is given but not hard to work out by wool test results valued on previous week. Always set a reserve if doesnt make it offer it up again next market or can sell elcectrnically buyers bid online again reserve unknown to buyers but they know what price it was passed in for at open cry auction.
Farmers need traders traders need farmers.
Wheat peaked out here in june i think ave grade $502 per tonne multi grade foward contract. Spread to next two higher grades at time was plus $15 plus $25.
Grade spread on low side was $15 $40 then about $80 for feed.
Guess what guyys that got hit with weather issues wheat downgraded to feed sold it at $422 so traders then stuck with expensive feed wheat eh. Cuts both ways
Wool "open cry" auction system wool is sampoled tested displayed for buyers a week prior to sakle with test results, a valuation is given but not hard to work out by wool test results valued on previous week. Always set a reserve if doesnt make it offer it up again next market or can sell elcectrnically buyers bid online again reserve unknown to buyers but they know what price it was passed in for at open cry auction.
Farmers need traders traders need farmers.
Wheat peaked out here in june i think ave grade $502 per tonne multi grade foward contract. Spread to next two higher grades at time was plus $15 plus $25.
Grade spread on low side was $15 $40 then about $80 for feed.
Guess what guyys that got hit with weather issues wheat downgraded to feed sold it at $422 so traders then stuck with expensive feed wheat eh. Cuts both ways
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