Fine prices for fine Merino wool when supply shrinks
While the merino market has come off the boil since mid-2022, as have apparel fibre markets generally, the very fine end of the merino micron distribution continues to sell at high price levels. Today, we examine the relationship between at 14 and 15 micron prices and volumes. Prices and supply at the edge of the […]
Lambs yet to leave means plenty leftover for 2023
The volume of lambs left to go through the system has been highlighted in the latest Sheep Producers Intentions Survey. It shows that nearly half of the lambs on hand as of October are expected to be sold in the first half of 2023, with just 13% already offloaded when the survey was conducted. That’s […]
Ongoing Svitzer tug of war threatens grain exports
In mid November, Tug boat operator, Svitzer attempted to lock out their employees indefinitely, leaving Aussie ports crippled, with export and import activities frozen. It didn’t happen this time due to legal action, but the problem hasn’t gone away. The immediate threat of a port lockout crisis has ended, but medium term risks to producers […]
Cattle Correction
After three months of relatively steady prices, the cattle market has taken a dive again in recent weeks. It’s either a supply, or demand issue, or possibly both. Here we go looking for the cause, and if we’ve seen the end of the 1000¢+ Eastern Young Cattle Indicator. The decline in cattle prices isn’t isolated […]
