Lamb markets have been moving higher, but not in all states. For some time we have been talking about the lack of lambs in NSW and it seems to be coming to the fore. History tells us the other states are going to catch up shortly.
Kerry Lonergan, ABC Landline legend and renowned agricultural market commentator, mentioned Mecardo’s use of the female slaughter ratio (FSR) when assessing cattle market dynamics in a recent Landline market report. Mecardo coined the phrase FSR and are keen observers of the interrelationship that exists between the FSR, restocker buying activity and young cattle prices.
Merino volumes have been falling since early 2018, with the average Merino micron consistently finer than year-earlier levels since January 2018. Change in individual micron category volumes is not equal. Change in the average Merino micron, when partnered with the standard deviation of fibre diameter, does a good job of describing (modelling) the Merino micron distribution. This article takes a look at this with regards to supply projections.
Last week we took a look at Meat and Livestock Australia’s (MLA) latest Cattle Industry Projections, with the headline point being a dramatic fall in supply over the coming years. Tighter supply will always be supportive of prices, and here we try to put a finger on the short and long term price impacts of the coming supply squeeze.
Department of Agriculture and Water Resources (DAWR) trade statistics for April were recently released, revealing that the above average flow of mutton product leaving Australia persists. Analysis of the key trade destinations highlights that Asian demand continues to underpin the total mutton consignments. This piece reviews the impact on mutton prices over the next few years if the Asian demand continues to grow in line with an expanding Chinese middle class.
With Merino and crossbred combing prices trading at record nominal levels this season (early in the season for Merino and late in the season for crossbred) we thought it a good idea to look at the strength of these price cycles in terms of their proportional price rises from the previous cyclical lows. Read on to see how strong these cycles have been.
The US Department of Agriculture has released their May WASDE report. This report is the first to provide a forecast for the coming crop. It isn’t a good report for producers, and in this article, we delve into some of the numbers.
Existing production trends in Australian Wool Testing Authority (AWTA) core test volumes persisted in April. This article takes a look at these trends by micron category and their effect on the micron price curve and through that, the price structure of the greasy wool market.
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