Are canola prices juicy enough in 2022-23?

Field of Canola behind a fence line

Canola prices for 2022-23 have risen 16% in the EU futures markets since Russia’s war on Ukraine began, however, the issue for Australian growers is how to take advantage of the international price lift. With Jan-23 Paris MATIF Canola prices currently at $1,100, (figure 1) and ICE prices at $1,025 (figure 2) – the tricky […]

No records but still plenty of profits in sheep

Sheep running out of a shed

A few weeks back we looked at the Victorian Livestock Farm Monitor Project (LFMP) cattle figures, with gross margins on the rise and rise. For sheep and lamb things still look very good, with lamb winning out in the south, and wool in the north. The LFMP  is a benchmarking project in Victoria which delivers […]

Lowest live ex in 50 years

Live sheep exports have begun 2022 stronger year-on-year, but numbers are still well below pre Covid-19 pandemic levels. Last year 575,000 sheep were sent offshore, its lowest number since 1989, according to Meat and Livestock Australia. (figure 1) This was about half of the number exported in 2019, 57% lower than the five-year-average, and 13% […]

Vegetable matter limits

Sheep being shorn for wool

Vegetable matter (VM) has been mentioned often in recent greasy wool market reports as an issue, especially for the broader merino categories. This article takes a look at the current season VM levels. Mecardo has regularly covered VM levels in the Australian wool clip as it has in varies with seasonal conditions and can become […]