Spring lamb tsunami
With August already upon us, Spring is in the air, and the first of our new season lambs born as early as this March are beginning to trickle through the saleyards. The influx of young lambs takes a fairly predictable pattern each year, starting north, and working its way down south. Tsunamis, or tidal waves […]
Fine wool premiums – a bright light in an otherwise gloomy market
While apparel fibre prices, including wool, plumb new cyclical lows, fine merino premiums continue to increase. This article takes a look at fine micron premiums, taking into account supply which is a factor often overlooked when discussing changes in the price structure of the greasy wool market. In early June Mecardo looked at micron premiums […]
Record grainfed cattle price propping up lotfeeder margins
The uncertainty that plagued grainfed cattle markets in March and April has dissipated as tight supply of finished cattle in general saw a rapid improvement in May. Grainfed cattle are currently marginally off record highs, but lotfeeders aren’t enjoying it too much as expensive feeders keep margins in check. Two aspects of the lotfeeding equation […]
