Tuesday, September 17, 2019
Chinese beef demand impacting NZ too
In Friday’s weekly commentary we took a brief look at rising beef export prices to the US, and some of the reasoning. Today we delve a little deeper into what is going on in New Zealand beef export markets, and how this is impacting prices here.
Thursday, September 12, 2019
Regional Rainfall Update August 2019
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.
Tuesday, September 10, 2019
Record Grainfed prices matched by feeder values
Despite record numbers of cattle on feed at the end of June, grainfed cattle prices have hit a new record. The stronger demand for grainfed cattle and cheaper grain prices are also flowing through to feeder values, and leaving a little in it for lotfeeders.
Thursday, September 05, 2019
Young cattle price forecasts to 2022
Recent changes to the Meat and Livestock Australia (MLA) cattle industry projections, along with a softer A$ and updated USDA cattle supply metrics have prompted a revision to the Mecardo Eastern Young Cattle Indicator (EYCI) forecast tool. In this analysis, we provide annual average forecasts to 2022 based on a wet, dry and average climate.
Tuesday, September 03, 2019
Tightening supply needed to hit slaughter forecast
Last week we reported on the latest Meat and Livestock Australia (MLA) cattle projections, with one of the main points being a large increase in slaughter for 2019. This week we delve a little deeper into short term supply to find out whether we are set for tightening supply or yet another lift in 2019 cattle slaughter expectations.
Thursday, August 29, 2019
Higher slaughter projected then comes the drop
Meat and Livestock Australia (MLA) released their herd projection update last week. The dry weather and consistently high slaughter has driven some revisions in slaughter projections. The closing herd for 2018 did come in higher than expected, which has bolstered slaughter estimates for the coming years.
Tuesday, August 27, 2019
Liquidation phase looming for US herd
A fourth successive month with the Australian Bureau of Statistics cattle data showing the female slaughter ratio (FSR) coming in above 58% signals continued destocking across Australia. An elevated female cattle slaughter ratio in the USA is pointing to a downturn in the herd there too and the beginning of their destocking phase, albeit to a lesser magnitude to what we are experiencing locally.
Thursday, August 22, 2019
A new record for lotfeeders, just
The June quarter saw another record number for the lotfeeding sector, but only just. Lotfeeders have managed to maintain close to record strong placements and as such record cattle on feed numbers for over a year now, bolstering the supply of finished cattle.
Thursday, August 22, 2019
Deciles: August 2019
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.
Tuesday, August 20, 2019
Dry spells profit for processors
The updated Mecardo industry 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.