Regional Rainfall Update September 2021

Clouds in sky

Mecardo’s regional rainfall update for September 2021. Click here to view the latest update This report highlights: Current season’s monthly rainfall trend  Last season’s monthly rainfall trend  Average monthly trend over 50 years  70% range in monthly rainfall over last 50 years 95% range  Rainfall within the 70% range would be considered reflective of a […]

Domestic demand douses processor profits

Cattle in pasture

Things were looking up for processors when we last had a look at their estimated margins, and they’ve managed to move very close to within the 70% range for the winter months. Historically, figure one shows us their profits increase through the spring months when cattle are in abundance, however last year they went the […]

Very positive forward pricing

lamb

While there have been some forward prices floating around for spring lambs in Victoria, the first late spring and summer prices were released last week. While there is some discount to current new season lamb prices, there has never been a better offer for lambs sold in summer. Traditionally processors pitch forward prices at levels […]

Looking backwards – what if scenarios for merino wool

In recent decades the prices of merino wool and lamb relative to their larger peer commodities have increased. Why this has happened is an interesting question from a range of perspectives. Marketers are generally quick to claim credit so these claims need to be tested and, with the collapse of crossbred wool prices in mind, […]