Over length wool supply in merinos
The supply of long staple merino wool continues to be well above year earlier levels for the broader merino categories, which poses some problems for the supply chain as the CVH (coefficient of variation of hauteur) for wool rises as staple length increases. This article takes a look at the recent supply and discounts. Good […]
How can sheep and restockers be so cheap?
The opening numbers for sheep and lamb sales were particularly unimpressive for those holding stock over the Christmas/New Year break. The only highlight was heavy lambs, with everything else holding or easing. A closer look reveals that Victoria is dragging the chain in terms of price, so we take a look at how southern producers […]
EYCI and 90CL converge as supply kicks in
Southern weaner calf sales and the first prime offerings of the year have given some insight into how cattle prices are trending for 2023, and that’s lower. The Eastern States Young Cattle Indicator (EYCI) has opened the year about 14% below where it closed in 2022, and while the market might still be in holiday […]
Corn and soybean cuts support feed and canola
The United States Department of Agriculture (USDA) released the World Agricultural Supply and Demand Estimates (WASDE) last week, and as noted on Friday there wasn’t much for wheat. Corn and soybean production was a different story with South American crops still to come in. As we move through our summer and the northern hemisphere winter […]
