Herd now growing as we surpass rebuild
It has been six months since Meat and Livestock Australia (MLA) released cattle industry projections. What has moved since then – as expected – are cattle numbers, which grew by 6% year-on-year in 2022, to just over 27.5 million head, and are forecast to continue to rise this year. This moves the industry past the […]
Survey says plenty of lambs still to come
The Meat and Livestock Australia (MLA) and Australian Wool Innovation (AWI) Wool and Sheepmeat Producer Surveys have had a revamp. It’s now called the ‘Sheep Producers Intentions Survey’ (SPIS), and it has thrown up some very interesting numbers in its October data. The SPIS is being produced by a different consulting group, with October being […]
Low supply of best merino fleece
In mid-January, Mecardo looked at the supply of over-length wool in the Australian merino clip, with a consequent effect on discounts for over-long wool. Premiums for best quality merino fleece have been reported as good in recent markets. What constitutes the best quality in a lot of wool depends on the requirements (and skill) of […]
Taking El Niño protection
Wheat prices have been falling since the start of the year. With a bumper crop in Australia destined for export markets, there is little support for local values in the face of declining US values. Here we look at taking advantage of weaker values to protect against lower supplies and higher prices in 2023-24. When […]
