An astute observer of the wool industry pointed recently to a simple mechanism where meat and wool prices tussle for sheep, in this case, wethers. This is especially of interest in dry times when stock numbers are under severe pressure. This article takes a quick look at this mechanism.
In recent weeks we’ve been talking about saleyard throughput ramping up in South Australia and Victoria. With so many lambs going through saleyards, you’d think they were offering better value than selling over the hooks. Here we take a look at price spreads and costs, with the effort of selling over the hooks seemingly offering a handsome payoff.
Mecardo have created a series of regional rainfall charts across the nation in order to compare the current seasonal rainfall on a monthly basis to the long term average levels and the normal/extreme ranges.
The Department of Agriculture and Water Resources (DAWR) mutton trade figures were released recently for October and showed that offshore consignments continue to run at levels significantly higher than previous seasons. The solid export demand has come at a beneficial time for producers given the higher than normal sheep turnoff experienced from July to November, providing a buffer for domestic mutton prices.
Those following feed grain markets closely will have seen the interesting flat curve for ASX Grain Futures. The most expensive ASX Wheat contract is January, and prices are the same, or lower for subsequent contracts. Part of the explanation for this is the summer crop which is hoped to be harvested in autumn, so it’s worth taking a look at its prospects.
At the start of 2018 Mecardo published a piece on the Wagyu F1 steer premiums to the Eastern Young Cattle Indicator (EYCI). Anecdotal reports suggested that the flood of Wagyu cross activity has seen the premium fade away during the 2018 season, so we are back crunching the numbers to see if the Wagyu premium has indeed become a phantom.
As fine wool prices have fallen in recent months, comments have been made about better style fine wool with attributes such as being non-mulesed holding their value. This leads to the hope that the better part of the fine wool market is bucking the downward trend in price. This article takes a look at this issue.
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