Regional rainfall update July 2020

Clouds in sky

Mecardo’s regional rainfall update for July 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 […]

Restockers looking to lamb

Sheep walking through a gate

We’ve heard plenty of talk about the rise and rise of the restocker cattle price, as it’s close to doubled in the past 12 months. Plenty of grass in the paddocks and a shortage of finished cattle supply are ensuring traders and feeders see good potential for profit in the restocker beef equation. But what […]

Broad crossbred wool prices

Sheep running in a yard

Well before the COVID-19 pandemic created severe economic damage across the world, apparel fibre prices were in a down cycle, with the broad crossbred categories the weakest performers. This article takes a current look at Australian and New Zealand prices for broad crossbreds. New Zealand wool prices are published by PGG Wrightson (HERE) which is […]

Locking in wheat basis for harvest sales

Close shot of a grain field

Traditionally, the problem with having a good season was that the economic reality of the supply and demand equation almost inevitably saw strong grain supplies met with lower prices. In the last 20 years, the international market has helped put a floor under prices, but if we are looking at bumper crops globally, and locally, […]