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Last week Mecardo unveiled their upgraded lamb price forecasting tool which allows for various supply and demand scenarios to be modelled to determine potential price impacts in the years ahead. This week we give the Eastern Young Cattle Indicator (EYCI) model an overhaul and a test run.
Read ArticleWool market commentary appears to mention wool quality or selection a lot at present. The implication is that poorer wool quality makes it harder for exporters to construct their required mill consignments, with more poor quality wool spilling into lower value contracts. This article takes a look at some of the key measured wool qualities in the Australian greasy clip within a drought perspective.
Read ArticleLamb supply continues to run at strong levels which is keeping a lid on prices. We continue to hear anecdotal evidence around disastrous scanning rates, and the break in the season is yet to arrive. The consensus is that lamb prices are set for some upside. The question is how far and for how long.
Read ArticleThe current projections for the global crop are relatively positive. World production could be high, however there is still a long way to go. In this update we look at the stock levels held by the major importers of wheat.
Read ArticleLast Friday the Department of Agriculture and Water Resources (DAWR) issued a statement on the proposed conditions for the forthcoming live sheep export trade over the Northern hemisphere summer. The live sheep trade is a crucial component of the WA sheep industry, underpinning lamb and sheep prices for producers within this state. Hopefully, the proposal to prohibit the trade over the June to August period won’t have the same price impact as last season.
Read ArticleIt’s not often we get two requests for similar articles at the same time. Last week a couple of subscribers asked about trading cattle in northern NSW and southern Queensland. Additionally, my learned colleague has called the low for the Eastern Young Cattle Indicator (EYCI) so surely there has never been a better time to buy. As always, it depends.
Read ArticleThe canola market has lost its vigour since harvest, with declines experienced across the country. The price decline in some port zones has been upwards of 15%. In this analysis, I examine the question – In a drought impacted nation, why have canola prices declined so much?
Read ArticleWe’ve been working on upgrading our lamb price forecasting abilities at Mecardo and have recently developed an interactive modelling tool that allows us to forecast the annual average level for the Eastern States Trade Lamb Indicator (ESTLI) based on key supply and demand inputs. In this analysis we take the model through a test run, playing out a handful of scenarios for the next few years to see the potential impact on lamb prices.
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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