Lower grain prices helping lotfeeders
The last time we looked at lotfeeder margins was just before harvest, and with harvest comes some relief. Despite paying record prices for feeder cattle, lotfeeders are enjoying improved trading conditions, thanks to lower grain values, and strong finished cattle prices. Often good rains in the northern wet season are not good news for lotfeeders. […]
Wool supply
As changes in the relative supply of different micron categories play a big role in the changes in the relative prices of the different categories, it is worthwhile having a look at the latest changes in the supply of wool by micron category. The AWTA monthly data supplies our best view of greasy wool production […]
Corn at record sweetness
Corn has hit the highest level seen in six years, China’s demand for feedgrains seems insatiable, and managed money is adding to their bought positions, which all points toward significant bullishness being present within the feedgrain market. All eyes in the market will be on the USDA’s next WASDE release on February 9th. Corn hit […]
Flock figures on the rebound
Short supply will continue to offset global market challenges, created by Covid-19, in the short term, but the flock rebuild is certainly underway. Meat and Livestock Australia’s latest sheep industry projections, released this week, paint a mainly positive picture as all flock and production figures begin to grow – albeit at a slower rate than […]
