Many speculators and traders use price spreads to assess which commodities are overvalued or undervalued, and to help direct buying or selling decisions. Spreads can be used by hedgers as well, and there have been some interesting movements in the wheat, corn and soybean spreads in recent times, which gives a good idea of what to sell, and what to hold.
The recent lift in lamb and sheep prices across the east coast prompted some subscriber requests for updated percentile tables. This article provides a snapshot of lamb and sheep categories across NSW, Victoria and SA.
Australia has long held an enviable geographic advantage over our competing grain exporters. As often touted Australia has a number of highly populous countries on our doorstep. However, with historically low bulk shipping rates is our competitive advantage being eroded?
Lamb export values for March have been released, and while the total numbers were similar to last month, there were some interesting movements within our major export markets. The value of exports to the US have remained strong, but exports prices to China are showing weakening demand.
Analysis of the underlying data that forms the component values of the Eastern Young Cattle Indicator (EYCI) identifies some interesting seasonal patterns in the percentage price spread of restocker, lotfeeder and processor buyer categories for young cattle purchased at the saleyard.
A recent fall in live cattle futures prices in the US and updates to the United States Department of Agriculture (USDA) cattle price forecasts for the 2016 – 2020 period have prompted a revision to the Mecardo cattle price forecasts released in early February 2016.
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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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