Mutton money still strong in May
The buzz may have gone out of the restocker ewe price (except for recent shedding breed bonanzas) as producers accept the ‘new normal’ for replacements, but the mutton job is keeping trade-in scenarios very favourable. The National Mutton Indicator closed last week at 651ȼ /kg carcass weight, just 1 per cent down on the same […]
Wool prices and GDP
A subscriber has asked Mecardo to look at wool prices and GDP growth, which given the strong rebound in economic activity from 2020, is a reasonable request. In this article, we look at OECD (and China in the later years) GDP growth and the average Australian Merino price. In the 1980s the rule of thumb […]
JBS impacts US cattle and southern lambs
As if there wasn’t enough happening in global red meat markets, this week it was a cyber-attack on JBS Swift. There has been plenty of commentary on the cause of the issues, and impacts on JBS’s processing operations, here we take a look at what has happened with pricing this week. The cyber-attack on JBS […]
