The Australian beef cattle market continues to probe into unchartered territory in nominal price terms, with the Eastern Young Cattle Indicator (EYCI) closing at 666.5¢/kg yesterday. But how does the current level of the EYCI compare when assessed on a longer term perspective and adjusted for inflation?
It was revealed yesterday that Brenton Strauss of failed grain trading business Sapphire grain had charges laid against him by the Australian Securities & Investments Commission (ASIC), which could lead to a ten-year prison term. In this report we will provide some tips to minimise counterparty risk.
Meat and Livestock Australia (MLA) released their tri annual sheep and lamb industry projections on Monday. While there were only minor changes to supply forecasts, extrapolating the data makes for some interesting analysis and price forecasts for the coming spring flush.
Last week the productivity commission released their draft report on the ‘regulation of agriculture’. One of the major recommendations of the report was an end to state based moratoriums on the cultivation of genetically modified organisms (GM). One of the main arguments used by states prohibiting GM crop are the marketing benefits from being a non-GM state and therefore the capacity to gain premiums. In this analysis we see whether the moratorium in South Australia is providing a premium.
Meat and Livestock Australia (MLA) released their July Cattle Projections update recently, and the numbers were little changed on April. This suggests that this year the projections are looking like being pretty close to the mark at the half way point of the year. The good news for growers is that MLA are projecting supply to remain very weak for years to come, today we take a look at the price impacts.
As the dust begins to settle post the Brexit vote and trade ministers from around the globe begin negotiations with the newly appointed UK Secretary of State for International Trade, Liam Fox, we take a look at the state of play for lamb and sheep imports into the UK from Australia and New Zealand and what it may hold for the future, particularly with regard to the Australian trade.
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