Prices in the Australian greasy wool market have jumped strongly this week, at the same time as South African wool auctions have been suspended in view of Chinese issues with the foot and mouth outbreak in South Africa. This article looks at recent South African volumes in relation to Australian volumes, to give some perspective on how the temporary absence of South African wool should influence wool prices.
The devastating floods that have afflicted far North West Queensland in recent weeks have somewhat abated, but we’re still hearing stories of cattle dying. The figure that most seem to be settling on for losses is around 500,000 head. We have been asked a number of times what this means for cattle markets and while it’s difficult to know, we can put the number into perspective.
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.
Last week we took a look at Meat and Livestock Australia’s (MLA) sheep flock and slaughter forecasts, both of which are very bullish for sheep prices. With much of the country lacking paddock feed at the moment, sheep are being sold. Here we look at the costs of holding and potential payoff.
The release of Department of Agriculture and Water Resources (DAWR) beef export trade statistics for January highlights a promising start and, although it is early days in the season, the market share of the key destinations suggests an interesting year ahead.
Trade lamb prices have softened by around 6% since the start of the season across the Eastern seaboard. However, analysis of previous seasons percentage price gains/losses shows that we may be nearing seasonal lows for the Eastern States Trade Lamb Indicator (ESTLI).
The USDA finally released their 2019 winter wheat planting estimates. The headline number is that US farmers are going to plant the lowest area to wheat since 1909. In this article, we delve deeper into the numbers.
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.