The technical charting picture for the Eastern States Trade Lamb Indicator (ESTLI) appears to be losing momentum and the seasonality pattern for the ESTLI and National Mutton also point to limited topside potential price gains remaining for the current season. Are we currently at the 2016 highs or can the sheep and lamb markets surge higher still?
There will be many of our readers who use swaps as an instrument in their grain marketing toolbox. The swap is a simple tool to use, and in general are used pre-harvest but are there opportunities to turn the swap on its head and use post-harvest?
Since March 2016 US Live Cattle futures have declined 19.8% from 305US¢/kg to 244.5US¢/kg on the back of solid beef supply and waning demand. This poses a concern for domestic finished cattle prices in Australia as there is a strong annual correlation that exists between US Live Cattle futures and local heavy steer prices.
This article takes a more detailed look at the components of a clip and how they contribute to the gross value of the clip. From this base we look at the effect of different fleece piece ratios have on the final value of the clip.
Mecardo are launching our new deciles page today, this page will become the largest repository of decile tables in Australia. Decile tables are a handy tool to gauge commodity performance. This article explains the what deciles are and how to use them.
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