The updated Mecardo processor margin model shows that meat works profitability has continued to soften in recent months for beef processing, reducing by 48% from the peaks achieved in May 2019. However, despite the narrowing, margin processor’s bottom line remains in good shape with the annual average margin sitting over five times higher than last season.
In our recent analysis ‘The Australian black sea’, we examined the correlation between Australian grain prices and black sea wheat futures. Since we conducted this analysis, a number of our premium subscribers asked similar questions related to the relevancy of US futures to the antipodean market.
Ultrafine wool production and prices have never recovered their pre-GFC glory, although a fair proportion of this wool is sold privately so information on price and supply is scarce at the very edge of the micron distribution. This article takes a quick look at 12 and 13 micron prices during the past two decades.
Volume and price converged to push export values past the $250 million mark in April, and the appetite for lamb has not waned. Lamb export values hit a new record high in April and in June the unit value headed towards record highs. Meanwhile, mutton values seemed to have come up against a ceiling when broken down into ¢/kg but also broke higher in June, hitting new highs.
The Black Sea region has become the most important export origin for wheat. To put this in perspective, Russian exports have increased from an average 5mmt in the first five years of the century to an average of 32mmt. In this article, we look at whether Black Sea futures are appropriate for hedging Australian wheat.
The level of premiums for CM-NM wool is an oft asked question. Premiums for ceased mulesed/non-mulesed (CM-NM) wool started to really show up in wool auctions at the beginning of last season, so this article takes a look at such premiums during the past two seasons.
Wool prices are crashing, and while still historically strong, yesterday hitting one and a half and two and a half year lows for the 19 and 21MPG’s respectively. The wether flock was already falling, here we take a look at how lower wool and strong sheepmeat prices might see further declines in wether flocks.
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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