Volatility not being kind to lotfeeders
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
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 […]
