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.
Improving seasonal conditions in the south have seen young cattle prices improving. Supply is getting tighter and demand stronger, and this week we take a look at whether there again money in growing out young cattle.
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.
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.
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.
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.
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.
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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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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