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.
In 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.
The 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.
The 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.
With 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.
It’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’!
The 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.
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