Percentiles – March 2021

Percentiles with a background image of hay bales

Mecardo’s Percentiles update for March 2021. Click below to view the latest report Grains Oilseeds Sheep and lambs Cattle Wool Dairy Fuel Percentiles are an important tool for assisting in the decision-making process. They can provide an indication of the range in which prices have moved and how much time they have spent at varying levels. […]

Mutton exports up, but not much

Chinese demand for mutton has returned to pre-Covid-19 levels, with Australian exports to the country matching 2019 volumes for February. This has pushed total mutton exports up for the month, however volumes for the year-to-date are still tracking well below the five-year-average. This added demand hasn’t been enough to boost Mutton prices back to year-ago […]

USDA fine-tuning the figures

Sorting grain

The March World Agriculture Supply & Demand Estimates (WASDE) was released this week and there was some tinkering around the edges, but no major changes were reported. In fact, the biggest production change was an increase in Australian wheat, bringing it in line with ABARES estimates. Leading up to the release, analysts were expecting additional […]

Characteristics of the Tasmanian Merino clip

Wool sheep running in paddock

This article is the second instalment looking at Tasmanian wool production, or more specifically Tasmanian Merino wool production which follows on from the article published earlier this week. The most significant driver of wool value is fibre diameter, although the effect does ebb and flow. Figure 1 shows the season average fibre diameter for Merino […]

Falling beef exports and strong values

Image of shipping containers at sea

It should come as no surprise to see Australian beef exports open the year much lower than 2020. With slaughter levels taking a dive early in the year, there is less beef available to export, and it seems the US market is bearing the brunt. While February beef exports managed to lift significantly on January, […]