Cattle markets continue to slide, and while demand from restockers and feeders is partly to blame, supply is also playing its part. Cattle slaughter moved past last year’s levels in June, and have been moving further ahead since then.
Mecardo ran a series of articles in May and June showing how vegetable fault (VM) levels were skewed to the broader merino micron categories, and how an increased supply of higher VM resulted in higher discounts. This article takes a look at the current situation.
On Thursday, I will be presenting to the Crop Science Society of South Australia on the topic of GM crops, and the markets associated with them. I thought this was therefore an opportune time to look at the GM moratorium, and whether the promised premiums are available.
We are well and truly into spring, despite the fact it feels like winter in southern Victoria and summer in NSW. The theory goes that the ordinary season in NSW should be putting pressure on store lamb prices, and creating opportunities for those who have moisture and grass.
In November 2016 we released a piece on long term cattle price correlations between Queensland Medium Steers and US Live Cattle futures based off our annual average prices going back to 1953. However, it is arguable that price correlations are better measured when comparing the change between time periods rather than comparing the nominal price levels. This analysis takes another look at the correlations using year on year changes to see if the relationship is as strong as the price correlation suggests.
A Mecardo reader asked recently about comparing beer prices and shearing rates over time. As always Mecardo is happy to look at analysis from a fresh perspective, so this article compares beer, shearing and wool prices.
This week has seen the release of two major crop forecasts, the USDA world agricultural supply and demand estimates, and the local ABARES crop forecast. In this analysis, we examine the changes to the wheat supply and demand dynamics.
As we move into Spring the lamb market continues to hold above 600¢, with sucker prices especially strong. This is the second year in a row lamb prices have entered the spring at strong levels, but the reasons seem vastly different. Here we look for some clues from flock data and rainfall.
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