In search of … the ESTLI

Sheep in a yard

Meat & Livestock Australia (MLA) do a great service in their delivery of livestock saleyard data and during the COVID-19 disruptions have provided some very useful alternative indicators. However, being data/chart geeks, the Mecardo team despise gaps in the dataset. It made us think, could we model a theoretical version of the Eastern States Trade […]

Cropping Inputs

Hand in bag of soil

Seeding is all but over with many parts of Australia receiving ample rainfall. In a COVID-19 world, how have inputs (fert & fuel) performed? The COVID-19 outbreak has resulted in a decline in energy demand. A large contingent of the worlds productive capacity has stuck at home. Homeworking is excellent for reducing commuting times as […]

Volatility not being kind to lotfeeders

Three cattle on grass

The last time we looked at lotfeeder margins was pre-COVID-19, or at least in Australia. Since then, we have seen dire predictions for cattle prices turn into bullish ones. We’ve seen feed grain prices rise, back to highs, and subsequently, fall. The extreme volatility in all aspects of the lotfeeder model shows up in margins, […]

AWTA and auction volumes fall

Sheep in a yard

The focus of many markets is on the much-reduced demand due to COVID-19, with reduced throughput. This article takes a look at the Australian wool supply in light of the much-reduced demand. The best measure of supply for Australian greasy wool is the AWTA core test volume data (available on the excellent AWTA website). Figure […]