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Feedlot utilisation levels are a key performance indicator of feedlot operations. Using saleyard data that indicates buyer behaviour of feeder cattle, we have created a forecast model for feedlot capacity utilisation as we head toward 2020.
Read ArticleThe predicted tight supply of lambs in New South Wales seems to have come to fruition. However, Victoria and South Australian supply appears to be compensating as we move through the spring flush. The question is, are lambs heavier than normal or are the lambs which weren’t killed in early spring coming out now?
Read ArticleA reader has asked about British broad wool prices, (as in mid-30 micron and broader) which make up only a very small part of the Australian wool clip. New Zealand is the key producer, with other regions such as the United Kingdom also producing this type of wool. This article takes a brief look at the prices for these types.
Read ArticleAs we fast approach the end of the year, it is worthwhile examining the current market structure as we move into 2019. In this update, I look at percentiles in relation to wheat futures markets.
Read ArticleLast week we took a look at the record numbers of cattle on feed in Australian Feedlots, a remarkable feat given the price of feed. This week we take a look at the market dynamics for lotfeeders and see that rising grainfed cattle prices are seemingly still pulling cattle through the supply chain.
Read ArticleThe major apparel fibres most recent peak in price was in the middle of 2018, which in US dollar terms is also when the Merino market peaked. This article takes a look at the average Merino micron price and an acrylic price series.
Read ArticleThose who are lucky enough to be still harvesting are receiving an early Christmas present in the form of a reduced fuel bill. Diesel is one of the biggest costs on farm, so it’s worthwhile looking at this downward move.
Read ArticleNovember has come and gone, and while you couldn’t say the rain was drought-breaking, New South Wales received better than average rain across the entire state. Sheep and lamb markets are yet to move into the rebuilding frenzy but confidence is pushing restocking lamb prices higher and squeezing finishing margins.
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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