Wheat basis in the expected range

Australian wheat shipping terminal

Regular readers will know we like to track the spread between local grain prices, and their international equivalent as an indicator of when they are good buying or selling. The past year has seen extreme swings in the wheat prices spread, or ‘basis’, and we seem to back in what was historically the normal range. […]

Price rollercoaster a supply story

cattle saleyards

Over the last couple months, the main focus on what is driving Aussie cattle prices has primarily been the supply situation. Today we take a closer look at how yardings have been travelling, particularly, the differential between the north and the southern regions. You might have noticed that Meat and Livestock Australia (MLA) have made […]

Restockers at right price for potential reward

Producers following the lamb market – and especially those looking to sell into it – would be hard pressed to find much of a silver lining after last week. As was detailed in Friday’s sheep market comment, prices plummeted despite supply being steady and even dropping in some categories. But with plenty of rain around […]

Further on RWS premiums in prem merino fleece

Last week Mecardo published an article on prices for 60 mm long (“prem”) merino fleece, with a graph looking at the current RWS premiums operating in the category. A further look at the development of these premiums during 2021-22, prompted a more detailed comparison to comparable South African premiums. As with all of the South […]