Brought to you by
Surging beef export prices in recent weeks haven’t been fully reflected in beef processor’s bottom lines yet. Lower offal and hide prices, and higher cattle input values have taken some of the gloss off average monthly margins for October.
Read ArticleRecently there have been plenty of reports regarding rising land prices despite the drought. Where there hasn’t been drought this spring has brought even stronger price rises. In Western Victoria and South East South Australia some land values have doubled in the last five years. There are plenty of questions being asked about whether money can be made at these levels. Here are the back of the envelope calculations.
Read ArticleIt has been a decade since the Sheep’s Back to Mill was updated. The Sheep’s Back to Mill publication is a record of the cost of harvesting, testing selling and shipping greasy wool in Australia to overseas mills. One of the components of this publication is the proportion of the wool clip which passes through rehandles/bulk class facilities. This article takes a look at wool preparation in the clip, which in turns determines how much wool passes through rehandling facilities.
Read ArticleIt is safe to say Australia is facing unprecedented demand for its beef. Total Australian beef exports continue to run ahead of last year, with October exports to China almost doubling last years levels. Export beef prices are also pushing higher from the increasing demand, with new records being set on a weekly basis.
Read ArticleThe dry spring (in many eastern regions) has kept the pressure up on adult sheep sales to abattoirs in 2019. This article takes a look at what this means for the Australian flock size in the coming year.
Read ArticleThe sales price of your commodities is critical, but of equal importance is the price of your inputs. The highest performing businesses will have a strategy for both. In this analysis we look at global fertilizer prices as an indication of the direction that local prices should be moving.
Read ArticleIn late October we looked at the spread behaviour between saleyard and over the hooks (OTH) prices for national lamb markets, focusing in on the general trend in price/spread movements. A keen-eyed Mecardo subscriber noted on social media that we didn’t account for agent commission or other costs in our analysis and that if we did OTH would “win easily”, but that wasn’t the focus for the October piece – it is for this one though.
Read ArticleIt’s the start of harvest, but bids for the 20/21 harvest are now being presented to growers. In this analysis, we look at whether these offer more value for the producer or the buyer.
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.
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.
Learn more about Mecardo Sign Up Now!