Thursday, February 22, 2018
Deciles: February 2018
Deciles are an important tool in your marketing toolbox, to provide a view for strategic decisions. Our collection of updated deciles include dairy, wool, livestock, grain & inputs.
Thursday, February 22, 2018
Has the destocking in Queensland really began?
The recent Australian Bureau of Statistics (ABS) cattle slaughter data for December 2017 shows a spike in the proportion of females as a percentage of total slaughter for Queensland and suggests the delayed start to the wet season is leading to a herd destock in the north. However, the ABS data is lagged so its unclear yet if this trend has carried into 2018 – fortunately the underlying EYCI data may provide a clue as to what northern restockers are doing at the moment.
Tuesday, February 20, 2018
Can Cyclonic Cattle price support come from New Zealand?
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.
Thursday, February 15, 2018
No cattle supply decline yet.
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.
Tuesday, February 13, 2018
Pfft, PAFTA schmafter!
On Monday Australia and Peru formalised a free trade agreement (PAFTA) putting our beef producers, along with other agricultural commodity exporters, in a prime position to expand trade flows into South America. While this is a good result and broadens our beef export sector its still the Asian region that is our most important customer for beef.
Thursday, February 08, 2018
Cattle producers have best year ever…again
A couple of weeks ago we took a look at some Victorian benchmarking data outlining the profitability of sheep and wool enterprises. Cattle producers were also included in the data, and given the high prices we shouldn’t be surprised that they had their best year in the last 47. That makes it two years in a row.
Tuesday, February 06, 2018
A North Queensland EYCI
The Eastern Young Cattle Indicator (EYCI) is a weighted measure of sale yard prices for young cattle taken from twenty-six locations within Victoria, NSW and Queensland. However, price data isn’t used in the EYCI any further north than Roma. In this article we create a North Queensland Young Cattle Indicator (NQYCI) to compare to the EYCI fluctuations.
Wednesday, January 31, 2018
A delayed rebuild
Meat and Livestock Australia (MLA) released their 2018 cattle market outlook earlier this week and it indicates a slower pace expected for the herd rebuild from the estimates published in October 2017.
Wednesday, January 24, 2018
Is it the return of the Wagyu or did the EYCI strike back?
On international Star Wars day last year (May the 4th be with you) the Mecardo team took a look at Wagyu spreads to the Eastern Young Cattle Indicator (EYCI) and a recent subscriber request for a follow up article prompted us to have another look at how the 2017 season played out… and besides we couldn’t resist the chance for another pun in the heading!
Thursday, January 18, 2018
A good chance of rain means what for prices?
A truck driver asked me when we were going to sell some of the heavy steers that we have wandering around on some still green country. My flippant response was, ‘when it rains in Queensland and the price goes up’. I then thought I’d better do the numbers and make sure this was a better than 50/50 chance of happening.