Wheat is now driving the bus

NSW harvesting wheat crop

This week the USDA released their October WASDE report with numbers largely in line with expectations. The word pre-release was to expect higher corn and bean stocks (on higher yields) so the market had already started to taper off prior to the report coming out. Wheat however, was bullish on lower production and tighter stocks. […]

Brazil builds its beef export business

Aussie cattle

Australian beef exports experienced an uptick in September, but remain well down for the year to date. Year on year, total beef exports for January to September are 17% lower. To put this into perspective however, total beef production in Australia for the year-to-June (latest data available), was 19% lower, showing demand is keeping pace […]

Short and long term lamb supplies


Supply drives prices in lamb markets, and with the release of Meat and Livestock Australia’s (MLA) projections last week we can take a look at both short and long terms supply outlooks, with a view to assessing price direction. Earlier this week Mecardo looked at MLA’s price projections, and there has been a lift in […]

What if merino production had gone another way – the 21 MPG

Wool bales

Last week Mecardo looked at what the effect of not changing volume or not changing fibre diameter during the past three decades would have had on merino production, by specific micron categories. This week Mecardo takes these hypotheticals for the 21 micron category and looks at modelled prices given the two scenarios. As the supply […]