The sharks are circling

Australian wheat shipping terminal

It was a bloodbath in the agricultural commodities last night, indeed the whole week. Since last Friday, Dec ’22 wheat has lost 139¢/bu or $62/t (AUD Futures) and MATIF Nov ’22 canola has also shed the best part of $100/t. The fall has been brutal and possibly the steepest fall in decades. So what is […]

Mutton & restocker lambs take a dive

Mob of sheep moving in dusty yard

The lamb and sheep market was in an ugly state this week, with last week’s theme repeated, as sheep and restocker lamb prices tumbled. Somehow the ESTLI was spared the carnage and rose against the strong downward trend. Reports from the markets suggest buyers are being very selective, with poorer quality lots attracting few solid […]

Highest EMI for the season

Wool being sheared off

AWEX report that the EMI improved by 7 cents this week and has now lifted for the past three weeks a total of 60 cents or 4.2%. This puts the EMI at the highest point since March 2020, while the dollar value of wool sold is $2,556.7 million, $377.6 million more than last year. The […]

Watch out – change is in the air

Cattle saleyards

The farmers friend – La Niña has reached an end this week with the Bureau of Meteorology shifting their climate outlook models to “watch” status. While this won’t change anything over night, or at least not in a big way until the next northern monsoon season, there has certainly been a change in the air […]

Percentiles – June 2022

Percentiles with a background image of hay bales

Mecardo’s Percentiles update for June 2022. Click below to view the latest report Grains Oilseeds Sheep and lambs Cattle Wool Dairy Fuel Percentiles are an important tool for assisting in the decision-making process. They can provide an indication of the range in which prices have moved and how much time they have spent at varying levels. […]