Farmers are doing it tough in northern NSW. There has been a severe lack of rainfall causing concerns around the potential for the crop and pasture availability for livestock. One of our premium subscribers called up last week with an interesting query. If we look back in history, when is the rainfall likely to arrive?
The once white-hot Hay market is now on about medium heat as demand retreats to some form of normality, but new parcels are still hitting the market as sellers who held onto their cards are entering the market.
With drought conditions in much of New South Wales and parts of Queensland, it has been interesting to see the Eastern Young Cattle Indicator (EYCI) find somewhat of a base in the last couple of weeks. With further dry weather forecast, we attempt to ascertain whether this is a support that’ll track along for a while, or whether it’ll take another leg lower.
Merino wool prices are booming, with combing prices currently leading the way. The state of crossbred prices varies. Fine crossbred prices are at levels undreamt of and median (for Australia) crossbred prices around 28 microns are bumping up at a level close to all-time highs in US dollar terms. The exception is crossbred prices for categories broader than 30 micron. This article takes a look at prices for crossbred wools on the broadest edge of the Australian production.
It seemed like the USA and China were on the verge of resolving their trade scuffle. On Friday evening, President Trump announced a range of tariffs targeted towards the Chinese tech industry. In retaliation, China has set its aim on 545 imported products. The biggest impacts have been seen in the grains market.
Cotton is the largest natural fibre and has the closest relationship to wool in terms of price of all the major fibres. Following the massive 2011 peak in cotton prices, stock levels rose sharply with the stocks to use ratio finishing above 90%. This article takes a look at recent changes in stock levels and the projections for 2018-19.
It’s not uncommon to see processor margins reach their seasonal peak during Autumn. However, a combination of easing domestic cattle prices and relatively firm beef export prices have provided an extraordinary boost to processor margins, according to the Mecardo theoretical cut-out model, to see monthly average margins at their highest point in three years.
Rising wool prices have altered the sheep production landscape. Recent years have seen strong lamb prices trump the wool job, with many Merino wethers finding themselves on the hook rather than being kept for wool production. In response to a subscriber query, we try and put some numbers around going back to holding wethers for wool production.
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.