From record highs to two year lows
We knew when the rain came cattle on feed numbers would decline, and decline they have. No doubt the COVID-19 crisis has helped decrease the number of cattle on feed, with uncertainty surrounding finished cattle prices seeing caution from lotfeeders. The headline Cattle on Feed number for the end of March declined markedly (Figure 1). […]
The down cycle in Merino wool prices so far
Apparel fibre prices peaked in mid-2018 and then began a cyclical downturn well before COVID-19 appeared. By late 2019 the average Merino micron price was down by 29-30% in both AUD and USD terms, a modest down cycle over 18 months. Then came the pandemic. This article takes a look at the current state of […]
