The release of Meat and Livestock Australia’s (MLA) cattle market update for October 2016 has seen some revisions to slaughter estimates and has prompted an update to the Mecardo long term Eastern Young Cattle Indicator (EYCI) forecasts last published in May 2016. This analysis provides and update to the current EYCI forecasts and takes a look at how low the EYCI is likely to trade for the remainder of the year.
The Western Australian crop was on course to be one of the largest on record until Jack Frost made his presence felt throughout the wheatbelt. The estimates of losses have widely ranged, and this report will examine what if any impact these events have had on pricing.
There is good news and bad news surrounding the sudden jump in lamb supply. The good news is for those with lambs that will be ready later, the bad news is for those carrying heavy lambs. Basically, more lambs now, and lower prices, should mean less lambs later, and higher prices.
New Zealand is a major exporter of lamb and dairy products, so we have a natural interest in what is happening across the Tasman Sea to the sheep flock, beef and dairy herds. This article takes a look at the trends in livestock numbers for these different enterprises during the past four decades.
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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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