A long march to rebuild
The official data on cattle slaughter has been released, and indications are that while we are moving towards a rebuild, we aren’t quite there just yet. Data on cattle slaughter from ABARES is now released on a quarterly basis, and the headline result this time around has been a concerning one. While it looks like […]
World Merino production
A Mecardo reader has asked about the volume of 18 micron wool production and at what level does the market for this wool reach saturation point. This article looks at this question. While Australia is the main source of merino wool in the world it is not the only producer, a point ever more apparent […]
Wheat basis hitting lows but is it a hold?
The weather has been relatively kind to grain growers this harvest, with the headers forging south at the usual pace, if not a bit quicker. The harvest of what might be very high yields was always going to see harvest pressure come on prices, but how low before wheat becomes a hold? Both international wheat […]
