Finer crossbred prices have jumped this week, with 26 and 28 micron indicators up by 40 cents on the first day of sales (Tuesday). Compared to Merino combing and carding prices, crossbreds have been cheap in recent years. The broader the crossbred, the lower the price as New Zealand farmers will attest to. This article takes a brief look at the 28 micron category.
The harvest is all but complete in Australia and thoughts turn to the 2019 season. Will it rain, what will we plant? In this update we take a look at the forward curve, and why it is important to keep an eye on it.
We had an interesting query from a reader this week regarding price premiums being offered for high Meat Standards Australia (MSA) indexing cattle. The main factor influencing whether cattle achieve the premium is intramuscular fat (IMF), which for grass-fed cattle is largely influenced by genetics. The question is whether spending more on high IMF bulls will pay off when cattle are sold.
Part of the reason for the improving lamb prices over the past five years has been a case of increasing demand clashing with weakening supply. Supply from Australia has been increasing, but our main competitor, New Zealand, has continued to see lamb supplies decline. Most of this year’s supply from across the ditch are still to hit the market, however.
Wool is part of a group of apparel fibres, some of which are much larger, such as polyester and cotton, and some much smaller, such as alpaca. Issues specific to wool will help to push wool prices around but ultimately wool prices will follow the general trend of the apparel markets. With this in mind, this article looks at what is happening to some of the larger apparel fibre prices.
There will be many of our readers who use swaps as an instrument in their grain marketing toolbox. The swap is a simple tool to use, and in general, is used pre-harvest but are there opportunities to turn the swap on its head and use post-harvest?
During the middle of 2017, Mecardo looked at Angus premiums to the Eastern Young Cattle Indicator (EYCI). This analysis piece provides an update to the Angus spreads according to AuctionsPlus Angus cattle sales data.
The lamb market has opened relatively steady and at similar levels to this time last year. In early 2018 however, the market was hitting a peak, while it is currently close to a financial year low. The general outlook is for stronger prices over coming months, but there are arguments for both upside and downside.
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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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