As we move towards the end of the 2019-20 growing season, the United States Department of Agriculture (USDA) World Agricultural Supply and Demand Estimates (WASDE) report shows little month on month change. There is plenty to discuss on year on year levels, before the new season WASDE appears in April.
We are already witnessing the impacts of tight lamb and sheep supply in early 2020, and forecasts are for this to continue. Meat and Livestock Australia (MLA) released their sheep industry projections earlier this week, and given the survey results we looked at last week, its little wonder the flock is set for another low.
Earlier in the week, we covered off on sheepmeat export flows for January which showed limited impact to trade flows on the back of the Corona virus outbreak in China. This analysis focuses on Australian beef exports and shows that the picture for red meat export remains solid for the moment.
With useful rainfall falling in northern Australia it is time to start looking at the potential effect on wool production for later in 2020. This article looks at the state of wool production in north east NSW (the New England mainly).
The negative impact of Corona virus on Chinese demand for some agricultural products was the hot topic in late January as the Australian wool market tanked and export orders for rock lobster disappeared. Some commentators began to query the impact on red meat export flows, but the release of January 2020 trade statistics show that sheepmeat markets kept ticking along nicely.
Meat and Livestock Australia (MLA) released their cattle industry projections last week, and while it was before the rain, the herd and slaughter numbers are still worth looking at. There are no surprises, with new two decade lows forecast for the herd and slaughter.
The coronavirus outbreak in China continues to dominate thinking in the wool supply chain, with the short term future outlook containing much uncertainty. This article takes a quick look at how some major apparel fibre prices are travelling in relation to wool.
Is the Australian grain industry a lone continent removed from the vagaries of overseas pricing? Are we independent of the rest of the world? In this article we take a look over the past few months to see the driver of pricing.
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