Percentiles – April 2023
Mecardo’s Percentiles update for April 2023 Click below to view the latest report Grains Oilseeds Sheep and lambs Cattle Wool Dairy Fuel Percentiles are an important tool for assisting in the decision-making process. They can provide an indication of the range in which prices have moved and how much time they have spent at varying levels. […]
US headlines Driving the market
There has been a raft of information coming from the USDA in the past week, with two key reports being released- the Stocks and Acreage report, and the WASDE, as well as the latest iteration of US crop condition data. Market reactions to US data have been exaggerated of late, while other global fundamentals seem […]
Holiday Slowdown
The week was characterised by the influence of the holiday break, with fewer buyers and sellers coming to market. Prices generally tracked into softer territory due to slack demand, as transport availability was hindered in some areas. The Eastern Young Cattle Indicator (EYCI) seems to have settled into a holding pattern over the last month […]
Mutton moving on up
Disrupted working weeks have led to a mixed market. Slaughter numbers in these short weeks have been relatively strong but saleyard throughput continues to be tight. Heavy lambs moved to a recent low while mutton prices have thankfully found an upward trend and pushed over the 400¢ barrier. There wasn’t a whole lot of price […]
