Market Activity

Trading in the ANZ markets was mostly flat compared to last week. Many were priced out early, ahead of the holidays and are now looking at the Feb/Mar positions. The rapidly approaching Chinese New Year has limited export action as well. Slaughter in both countries looks to improve as the summer progresses, but volume will still be well below 2013 – 2015 levels. Sources have reported that demand from Singapore remains strong, but room on the upside…