Sale yard prices last week, as reported by Meat and Livestock Australia’s NLRS, show Merino lamb spreads to the Eastern States Trade Lamb Indicator (ESTLI) are performing better than expected for this time in the season – especially in Western Australia. Given the record wool prices being achieved at the moment, it probably comes as no surprise that Merino lamb across the country are doing so well, but why is WA Merino lamb particularly strong?
Manufacturing beef export prices had an unexpected jump last week, with the 90CL Frozen Cow Indicator moving back to 600¢/kg swt and leaving cattle prices in their wake. The Steiner Group reported tighter supplies out of New Zealand and were one of the drivers, so it’s timely to take a look at cattle supplies from over the ditch.
Current levels of high mid-point break in Western Australia are causing issues for exporters in putting consignments together and meeting the required consignment specifications. This article takes a look at the current supply and price effect of high mid-point break.
Department of Agriculture and Water Resources (DAWR) trade statistics for January show that monthly mutton flows to China are back near the peaks experienced during the demand surge during the 2013/14 seasons. Our analysis earlier this week on the mutton price forecast for 2018 indicated that Chinese demand is one of the key factors assisting mutton prices at the moment. This article takes a look at the historic relationship between trade flows to China for Australian mutton and producer prices in China and Australia.
We’ve seen some rain in Queensland, and it has had an impact on slaughter in the north at least. It’s in the south however where finished cattle supply has ramped up, with lower capacity in South Australia being made up further east.
The US equity markets have fallen by 10% this year. Both the merino wool market and the US equity markets have been on a strong run up in value since 2015, so does the weakness in the equity markets foretell weakness in the wool market?
We are only two months away from seeding, and ABARES have released their quarterly crop update. In this article we take a quick look at what the update means, and also delve into basis levels over the season. We need to ask ourselves the question, what have we left on the table?
There was a lot of uproar a few weeks ago, about potentially ‘disastrous’ changes to EU biofuel legislation. In this analysis we take a quick look at the numbers and see if it is good or bad for Australian producers.
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