Harvest not pressuring canola prices yet.
As more headers start working the paddocks, and grain receivals begin to flow in earnest, the influx of new crop grain supply would normally begin to make a bit of a dent in prices, particularly for Canola in the west where harvest is currently progressing well. The question is though, has the harvest intensified enough […]
Seasonal hauteur mid point break dancing.
Around this time of the season the combination of staple strength and mid-point break often becomes an issue for exporters putting mill consignments together, as it is this year. This article takes a look the interplay of these two wool characteristics and the effect they have on wool top specifications. One of the key variables […]
Steering in the wrong direction
Last week Mecardo looked at the Australian Bureau of Statistics cattle slaughter data through the lens of female slaughter, as a pointer to how the herd rebuild is progressing. This week it’s male slaughter, and as outlined in the terrible title pun, it wasn’t as expected. The rebuilding of the herd always means fewer cows […]
Feed, fodder & floods driving volatility.
The sheep and lamb market has been consistent in one way in the past few months – in that it hasn’t been consistent at all. While the weather always plays a big role in when stock is marketed, it has been the driving force this season, with usual operating procedures having to be deserted by […]