Corn in uncertain territory

Corn crop

The world looks closely at the market prospects for corn, as it’s the largest crop grown in the US with 96.9 million acres planted in 2020, an 8% increase on 2019, as well as a significant exported product onto the world market. The latest USDA crop progress report comes at an important time for the […]

Regional Rainfall Update June 2020

Clouds in sky

Mecardo’s regional rainfall update for June 2020. Click here to view the latest update This report highlights: Current season’s monthly rainfall trend  Last season’s monthly rainfall trend  Average monthly trend over 50 years  70% range in monthly rainfall over last 50 years 95% range  Rainfall within the 70% range would be considered reflective of a […]

Live sheep exports slip as trade stalled

Sheep moving through gate

The Middle Eastern summer live sheep export prohibition period has now kicked in, and will remain in place until mid-September. With total sheep exports dropping 17 per cent year-on-year so far, Australia’s end of year tally could be significantly lower at the close of 2020. Despite a surge of live sheep exports in March, volumes […]

Cattle slaughter sliding but females stubbornly high

Cattle in paddock

Cattle slaughter is down, but it’s not down enough to hit forecasted targets. Part of the problem is female slaughter. Male cattle slaughter is largely as expected from the size of the herd, but female slaughter continues to point towards further liquidation. The official cattle slaughter numbers for May were released last week, and as […]