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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.
Read ArticleShearing at shorter intervals continues to be popular. Cardings prices are in the process of re-setting themselves at a lower price in relation to combing length wool (larger discounts in effect) after a great five year run of high prices/small discounts. Given this background, we look at the supply of shorter length Merino combing fleece wool and applicable discounts in this article.
Read ArticleCattle slaughter has been running well ahead of the last eight months, but there is a good chance this will come to an end over the coming quarter. With plenty of rain forecast for the east coast over the coming week, supply should tighten, which is likely to bring a solid start to prices in the New Year.
Read ArticleThe US Department of Agriculture released their final World Agricultural Supply and Demand estimates (WASDE) for 2019. Although the WASDE receives plenty of criticism (often from me), it is an important tool for the industry.
Read ArticleThe predicted tight supply of lambs in New South Wales seems to have come to fruition. However, Victoria and South Australian supply appears to be compensating as we move through the spring flush. The question is, are lambs heavier than normal or are the lambs which weren’t killed in early spring coming out now?
Read ArticleA reader has asked about British broad wool prices, (as in mid-30 micron and broader) which make up only a very small part of the Australian wool clip. New Zealand is the key producer, with other regions such as the United Kingdom also producing this type of wool. This article takes a brief look at the prices for these types.
Read ArticleAs we fast approach the end of the year, it is worthwhile examining the current market structure as we move into 2019. In this update, I look at percentiles in relation to wheat futures markets.
Read ArticleFeedlot utilisation levels are a key performance indicator of feedlot operations. Using saleyard data that indicates buyer behaviour of feeder cattle, we have created a forecast model for feedlot capacity utilisation as we head toward 2020.
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.
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