Merino price and volume ratios
Recent Mecardo articles have reinforced the point that wool prices tend to “run with the apparel textile fibres pack of prices”, which means wool fortunes are tied to the greater fortunes of the apparel industry. There is room within this structure for fibre prices to move in relation to one another even if they are […]
US Flexes its beef buying muscles
COVID-19 is causing all sorts of fluctuations in beef markets, and June was no exception. The US took more of our beef than any month for the year to date and it seems it was taken from China. Export to Japan appears to be suffering from falling feedlot supplies, and the usual tight winter supply […]
