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When the March cattle on feed survey came out, we took a look at lotfeeder margins and concluded there were a lot of cattle on feed making not much money. In the period from March to June, more cattle went into feedlots and grain price rallied. Margins have been squeezed further which will add serious pressure to feeder and grain-fed cattle prices, in opposite directions.
Read ArticleDeciles are an important tool in your marketing toolbox, to provide a view for strategic decisions. Our collection of updated deciles include dairy, wool, livestock, grain & inputs.
Read ArticleIn recent weeks our focus has largely been on the wheat and feed market, as this will be the primary driver on most farms this season. Today however, I thought it was timely to produce a recap on canola, especially in light of deteriorating conditions in Canada.
Read ArticleThe strength of the current merino market has prompted questions about how fine merino prices stack up against the levels reached in the late 1980s. This article takes a look at sub-19 micron prices back to the mid-1980s.
Read ArticleThe issue of mulesing and animal rights continues to bubble along in the supply chain. The concrete proof of this is the existence of contracts for non-mulesed wool, generally outside of the auction system, where money is paid for this quality in the wool delivered. This article takes a quick look at the volume of non-mulesed and pain relief wool sold at auction during the past year.
Read ArticleWith all the fanfare around record lamb prices week after week, the mutton market has been pushed into the background. It’s fair enough, mutton prices have weakened, as they generally do in dry times, and this doesn’t make for great headlines. With slaughter rates as they are, we’ll see the headlines when it finally does rain.
Read ArticleIt’s been a rollercoaster month as the drought has started to really hit and the reality of a failed crop in NSW. It’s time to look at these prices from a historical & seasonal perspective. There are some charts in this article which are pretty much ‘off the chart’!
Read ArticleThe first quarter of 2018 was characterised by above normal price behaviour for many categories of lamb and sheep in Western Australia when compared to the Eastern markets. However, uncertainty surrounding the live sheep export trade has seen the situation reverse since April, placing WA producers at a distinct price disadvantage to their Eastern neighbours.
Read ArticleIt's extreme times in the Feed and Fodder Markets. Some that have been in the game for many years haven't seen it like this before; such is the volatility and uncertainty.
Read ArticleOur subscribers choose us because we don’t just report the market news – we explain what’s driving the market, we help them understand what’s important, and what it means for them.
Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report.
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