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Staff writer
Rain has boosted confidence in rural commodities
Buoyed by rain across parts of eastern Australia, livestock and grain prices have experienced a spike in a reflection of industry confidence.The best falls were in northern NSW and Queensland, with triple-digit totals in the past week, providing an ideal start to winter cropping programs and livestock enterprises but interrupting the harvest of summer crops and damaging infrastructure.The highest totals were in NSW, with Taree picking up 176mm since April 1, followed by Moss Vale (171mm) and Nowra (163mm). Other good falls were recorded at Orange (134mm), Lithgow (124mm), Dubbo (110mm), Tamworth (106mm) and Maitland (98mm).The rain was enough to instil some confidence in livestock markets and after a period of tentativeness from restockers, prices have started to show a reprieve.

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