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In last week’s Friday commentary we talked about tanking restocker prices, and this saw us receive a query. Our reader wanted to know if falling restocker values, relative to finished lamb prices, are normal at this time of year, or if there is an opportunity going begging.
Read ArticleLast week we looked at our record sheep and lamb prices in foreign buyer terms on Mecardo and a cattle producer subscriber got in touch to see if we could do the same for our beef analysis piece. When assessing offshore markets, we often focus on US dollar prices but given that China now takes more than 20% of our export beef we thought to shine the spotlight on the Chinese Yuan for this analysis.
Read ArticleA premium subscriber asked us to compare current market highs for lamb and mutton, considering the softer exchange rate to the US, to see if our strong domestic prices are flowing through to record prices being paid by export buyers in their local currency terms. We focused on our two largest export markets for mutton and lamb, the USA and China.
Read ArticleImproving seasonal conditions in the south have seen young cattle prices improving. Supply is getting tighter and demand stronger, and this week we take a look at whether there again money in growing out young cattle.
Read ArticleAustralia, the lucky country. We are a small country (53 in global ranking), with abundant resources. These resources from minerals to agricultural produce tend to be exported. There are years like last year where wheat exports will drop, but on the whole, we are an exporter. In this article we provide an example of the impact on wheat pricing.
Read ArticleHow long will the good times last for sheep and lambs? We know both varieties of ovine stock are currently at or close to record values, but can it last? Lamb prices have been on a rising plane for the best part of five years, but supply forecasts suggest they might have to fall at some stage.
Read ArticleThe Australian Bureau of Statistics (ABS) release of the May slaughter figures shows we are still culling record numbers of female cattle as a proportion of total slaughter. Interestingly, it’s not just the drier than normal states, like NSW, that are contributing to the elevated female slaughter ratio.
Read ArticleIn this analysis we look at the overall Chicago wheat each year since 1973 to examine the skewness of the market. This provides an indication of how far the market trades from the normal distribution and provide some insight into where prices have historically been.
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.
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