Recent Analysis
  • By Matt Dalgleish

The FX effect

A 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.

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Sheep
  • By Andrew Whitelaw

Forex-ample

Australia, 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.

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Grain
  • By Angus Brown

Lamb prices strong for the long haul

How 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.

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Sheep
  • By Matt Dalgleish

Culling in the name of…

The 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.

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Cattle
  • By Andrew Whitelaw

The market skew

In 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.

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Grain
  • By Matt Dalgleish

Regional Rainfall Update June 2019

Mecardo have created a series of regional rainfall charts across the nation in order to compare the current seasonal rainfall on a monthly basis to the long term average levels and the normal/extreme ranges.

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Cattle
  • By Andrew Woods

Micron premiums and discounts - proportional

The ratio of commodity prices explains a lot of the changes seen in commodity production through time, which is really stating the obvious that farmers respond to price signals when making decisions about their mix of enterprises. This article carries on from last week and looks at Merino fleece micron premiums and discounts in proportional terms.

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Wool