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Spring is here, but the spring lambs are not. We usually start to see lamb slaughter show weekly increases from mid-July through to mid-October. This year all we have seen is slaughter declines. August and September are likely to post their weakest slaughter rates since at least 2009. The question is, how is this going to impact supplies for the rest of the year?
Read ArticleGreasy wool is produced across the world, and with the decline of volumes produced in Australia wool from other origins has increased in proportion of world supply. Modern communications, starting with the international telegraph in the late 19th century, has moulded the international greasy wool market into a closely interconnected set of smaller markets. This article takes a look at prices from a range of smaller markets.
Read ArticleAt the end of last week, I was musing with a range of industry stakeholders as to whether WA had the capacity to beat previous records. The season for most has been almost perfect. My view as of Friday afternoon was that WA would produce the 2nd or 3rd largest crop. As is always the case, what is given with one hand is often taken by the other.
Read ArticleIn mid-August Mecardo looked at the proportion of wool sold that was declared as NM (not mulesed), CM (ceased mulesed) or had used pain relief (PR). The analysis looked at the proportions for the total clip and by breed. This week we break the analysis up by micron.
Read ArticleThe Australian Bureau of Statistics (ABS) has released the latest official cattle slaughter data. The trend of stronger slaughter continued, with drought no doubt the driver. The most interesting figures were again out in the female slaughter numbers, indicating a third month of herd liquidation.
Read ArticleMecardo have created a series of regional rainfall charts across the nation in order to compare the current seasonal rainfall on a monthly basis to the long term average levels and the normal/extreme ranges.
Read ArticleA lot of focus in recent weeks has been on the feed market i.e. wheat and barley. There hasn’t however been much attention on Canola. On Tuesday ABARES released their updated forecasts for the looming harvest. It made for depressing reading, with NSW and Victoria expected to produce a paltry 850kmt, against an average of 1.6mmt. What about the price response?
Read ArticleWe have been hearing from the ground that the decision of whether to cut crops or take them through to grain is upon many growers. Plenty have already made that decision, with crops being cut, left, right and centre. This "might" mean there could be quite a bit of hay around, even though yields will be well down.
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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