Aus Lamb Exports spiking in US, China
After a shaky start to 2021, where lamb export volumes were initially down 33% in Jan, Aussie lamb exports have rocketed up 20% month-on-month in May, to bring the year to date total volume to recover within 7% of the five-year average, with the main drivers of increased export volume being China and the US. […]
US processing pressures push beef prices higher
Beef processing in the US is under pressure as demand outstrips supply, pushing the 90CL price more than 100ȼ/kg higher since Easter. Labour shortages, import conditions and a cyber-attack on processor JBS have led to low volumes of beef on hand in the US, while the seasonal summer increase and foodservice resurgence has meant demand […]
Well priced wheat but not locally
There remains plenty of volatility in wheat markets as we move towards the US winter wheat harvest. Prices tried to come off eight-year highs but managed to bounce back above 700ȼ. Here we take a look how increased international values have translated into new crop prices here, and how we should be hedging. The latest […]
Crossbred wool prices – a wide church indeed
A reader has asked Mecardo to look at crossbred wool prices due to the wide range of prices paid for a given combination of category, staple length and fibre diameter. Breed and preparation appear to be heavily influencing values leading to these wide ranges in price. Four to five year ago valuing full length crossbred […]
