Tuesday, January 22, 2019
Are cheaper than expected lambs presenting opportunity?
While lamb prices are historically strong, they are not as strong as many, including us, expected late last year. Feeding lambs has been a marginal enterprise at best if lambs weren’t contracted. With restocker lamb prices close to five month lows, and harvest over, it’s time to revisit the numbers on finishing lambs.
Tuesday, January 15, 2019
Kiwi’s have fewer lambs but most still to come
Part of the reason for the improving lamb prices over the past five years has been a case of increasing demand clashing with weakening supply. Supply from Australia has been increasing, but our main competitor, New Zealand, has continued to see lamb supplies decline. Most of this year’s supply from across the ditch are still to hit the market, however.
Thursday, January 10, 2019
What can go right, or wrong for lamb?
The lamb market has opened relatively steady and at similar levels to this time last year. In early 2018 however, the market was hitting a peak, while it is currently close to a financial year low. The general outlook is for stronger prices over coming months, but there are arguments for both upside and downside.
Tuesday, December 18, 2018
Live export buyers underpin WA prices
An expanded cross bench in Federal parliament has placed the ban on live sheep exports back on the agenda. Mecardo thought it an opportune time to reaffirm how important the live sheep trade is for WA farmers, particularly in terms of prices they receive at the sale yard compared to their east coast counterparts for lamb and mutton, when live export buyers are active.
Thursday, December 13, 2018
Regional Rainfall Update - November 2018
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, December 11, 2018
Victorian lambs coming early should leave a gap
The predicted tight supply of lambs in New South Wales seems to have come to fruition. However, Victoria and South Australian supply appears to be compensating as we move through the spring flush. The question is, are lambs heavier than normal or are the lambs which weren’t killed in early spring coming out now?
Tuesday, December 04, 2018
Rain pushes restocker prices back to a premium
November has come and gone, and while you couldn’t say the rain was drought-breaking, New South Wales received better than average rain across the entire state. Sheep and lamb markets are yet to move into the rebuilding frenzy but confidence is pushing restocking lamb prices higher and squeezing finishing margins.
Thursday, November 29, 2018
Have we seen the bottom?
Being based at the late spring/early summer lamb capitals of Hamilton and Ballarat, the most often asked question we get at this time of year is “Have we seen the bottom?” or “Can it go any lower?”. Historical data can’t give a definitive answer, but it will give us a good idea of whether the market can find new lows, or if it’s all upside from here.
Tuesday, November 27, 2018
Throughput levels and price volatility.
South Australian mutton displays a higher degree of price volatility than their counterparts in NSW and Victorian markets. Indeed, over the 2018 season, SA mutton has experienced a range in price more than 300¢ compared to the 135¢ to 180¢ range displayed by NSW and Victorian mutton, respectively.
Tuesday, November 27, 2018
Deciles: November 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.