Grain-fed beef takes a bigger slice of slaughter
Lot-feeders are feeling the pinch of input costs just like the rest of the industry but have made the most of young cattle prices decreasing from their record highs. Feedlot capacity and the number of Cattle on feed both lifted in the December 2022 quarter and grain-fed slaughter hit a record high of 47% of […]
Vegetable fault by micron
Vegetable Matter (VM) or vegetable fault in wool is a function of regional location. As a rule, in the drier regions with more irregular rainfall, broader merino wool is grown. VM levels are higher in these regions, therefore VM levels should be higher in broader merinos. The bulk of vegetable fault (VM) comes from the […]
Rising slaughter leaves prices dependent on demand
Last week, Meat and Livestock Australia (MLA) released its latest projections for the Australian sheep and lamb flock. With a growing flock and stronger lamb slaughter forecasted what does this mean for price? Here we investigate how lamb slaughter and price have historically correlated, and put forward some forecasts. All markets are governed by supply […]
Basis highs for the season
Chicago wheat markets and grain sellers alike had a very ordinary Friday. Locally, prices quoted reflected the fall in the United States, but the basis has strengthened with weather outlooks seemingly discouraging selling. A few factors came together on Friday to see wheat markets post a 4% decline to finish the week. The USDA outlook […]