Tuesday, November 20, 2018
Carcass values continue to constrain flock
An astute observer of the wool industry pointed recently to a simple mechanism where meat and wool prices tussle for sheep, in this case, wethers. This is especially of interest in dry times when stock numbers are under severe pressure. This article takes a quick look at this mechanism.
Friday, November 16, 2018
Weekly Wool Forwards for week ending 16 November 2018
The wool auction market managed to steady this week and the added confidence this brought saw some trades take place in the forward market out until December 2019.
Thursday, November 15, 2018
Fine merino wool price structure – what’s going on?
As fine wool prices have fallen in recent months, comments have been made about better style fine wool with attributes such as being non-mulesed holding their value. This leads to the hope that the better part of the fine wool market is bucking the downward trend in price. This article takes a look at this issue.
Thursday, November 15, 2018
Regional Rainfall Update - October 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, November 13, 2018
Cardings – the cycle turns
The Merino Cardings indicator has fallen by around 500 cents or one third since August. It has been an abrupt change in sentiment for a segment of the greasy wool market which has traded strongly, at high levels for five years. This article takes a long term look at the cardings indicator and its relationship to cotton.
Friday, November 09, 2018
Weekly Wool Forwards – week ending 9th November 2018
It seems the consecutive weeks of a price declines in the spot market finally reached its point of concern and has shaken some urgency into the forwards market. 17 contracts traded in total, with growers getting cover out to December 2019.
Thursday, November 08, 2018
Merino fleece staple length P&Ds
Since 2013, the Merino Cardings indicator (locks and crutchings) has spent nearly all the time above 70% of the Eastern Market Indicator (EMI), a level exceeded only in 1987 and 2010 between 1981 and 2013. This has been a period of extraordinary cardings prices, both in absolute terms and in relation to combing wool prices. Since August cardings prices have fallen by a third. In light of this fall, this article looks at the effect of staple length on Merino fleece price in October.
Tuesday, November 06, 2018
AWTA volumes slip again in October.
With sheep sales continuing at a contractionary level, the supply chain continues to watch Australian greasy wool supply information closely. The best supply data comes from the AWTA which this article looks at.
Friday, November 02, 2018
Weekly Wool Forwards – week ending 2nd November 2018
The lacklustre physical auction market provided a leader for a lacklustre week on the forwards market. The US dollar rise over the last fortnight came to an abrupt halt, making room for the Aussie to lift above the 72¢ level. This shift saw the market looking less favourable to overseas buyers.
Tuesday, October 30, 2018
Deciles: October 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.