German IFO picks up

Merino sheep

In October, Mecardo looked at the German IFO index, when the business expectations were on par with the lows of the early COVID pandemic and the 2008-2009 financial crisis. The outlook was not a positive one. In this article, we look at the updated data. Last August, we outlined why the German IFO German Manufacturing […]

Winter lamb lift less likely

Farmer drenching sheep

The early and quite widespread autumn break gave a confidence boost to lamb prices throughout April, but despite the rain continuing, the market strength has not. The Eastern States Trade Lamb Indicator (ESTLI) weekly price has only been lower once since 2018, and it has been heading in the opposite direction of the five-year average […]

Pricing wheat on the buy side

Sorting grain

A week is a long time in commodity markets. Last week we looked at wheat values and whether it was worth growers making a start on selling. With the rapid declines in Chicago wheat over the last week, grain consumers might be questioning whether they should be looking at securing a portion of their buy […]

Is it time to buy?

Cows in pasture paddock

Long-time readers will know that we like to take a look at cattle trading margins on a semi-regular basis. The calculations are easily done, but we also like to measure value by looking at spreads and what margin buyers might expect. Store and restocker cattle have not been immune to the decline in cattle prices.  […]