Live sheep exports remain in the headlines and some market commentators have suggested that banning the trade for sheep wouldn’t have a significant impact on local markets. While this may be true for the South Eastern states it is an entirely different story out in the West.
At a time when the live sheep export trade is making headlines for all the wrong reasons the big brother of the industry is quietly getting on with the job. Live cattle exports make up the lion’s share of the total trade out of Australia, with the combined beef and dairy trade representing 1.5 billion of the 1.8 billion annual farm gate returns. This piece takes a quick look at how the key markets are faring so far this season.
At Mecardo we are big advocates of splitting your grain marketing into futures and basis. Through taking a more strategic approach to grain sales, it is possible to lock in higher returns, rather than opting for the flat price at the local silo. In this article, we look at the forward physical contracts to determine whether current basis levels are worth locking in.
While merino wool prices lead the apparel fibres complex in terms of price, and Australian crossbred prices (mid-micron to the rest of the world) recover and trade at high levels, broad crossbred prices (beyond 32 micron) continue to struggle. This article takes a brief look at the broad crossbred category of wool.
Despite its smaller area, Victoria definitely punches above its weight in terms of lamb slaughter. This year it is killing an even larger proportion of lambs, and last week set a new record. There has been some rain in parts of the state, but it’s not supporting prices this week.
In Friday’s weekly cattle comment we identified that heavy cattle prices in NSW were nearing parity with the Eastern Young Cattle Indicator (EYCI) for the first time in nearly three years. For those who are selling cattle, or have since Christmas, the weaker EYCI might represent a buy opportunity. In this analysis we take a closer look.
Broad merino volumes have fallen heavily this year, exacerbating an already tight supply in a strong wool market. The main regional drivers of this fall have been Western Australia and South Australia, so this article takes a closer look at the micron distribution of merino wool and its regional sources.
Last week Matt took a look at the United States Department of Agriculture (USDA) cattle price forecast updates, and fed them into a model. This gives us a prediction for the Eastern Young Cattle Indicator for the coming years. While we don’t know what costs are going to do, we can take a stab and work out how profitable southern cattle producers are likely to be over the coming years.
Our 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.
We filter what's important from the 'noise'
Cattle, sheep, wool and grain markets – all in the one place
In-depth market analysis – key market drivers, outlook and trading strategies
Independent and trusted specialists – more than 30 years’ experience
Short articles communicated simply– saving you time
Email alerts to new information – tailored to your interests
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.
Sign up for a FREE BASIC SUBSCRIPTION now to read this article.
Mecardo will send you its latest market analysis outlook delivered to your Inbox as it's published. You will also receive one month Premium access for free.
You tell us what information you want to hear about, so you'll only be alerted to information that is relevant to you.