Percentiles – May 2023
Mecardo’s Percentiles update for May 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. […]
Picky processors putting pressure on price
It’s quality and supply, not diminished demand, which is pushing lamb prices down as buyers start to be selective. Team this with reports of processors being booked out for “some months”, and the next crop of lambs being not that far away, there’s little to show that lamb will lift at the moment, despite its […]
El Niño and Sheep offtake
Continuing the El Niño theme, in this article Mecardo looks at the El Niño/La Niña, rainfall, sheep offtake and consequently changes in the flock size. In early, April Mecardo looked at the relationship between rainfall and sheep offtake, the mechanism by which the flock size is adjusted, for Australian sheep regions. In this article, we […]
Rebuild delivering cattle supplies
The latest Australian Bureau of Statistics (ABS) slaughter and beef production data was released a couple of weeks ago. Last week Mecardo looked at female slaughter rates for the March quarter, this week we take a deeper look at the data in search of trends. The headline total cattle slaughter number was 1.69 million head. […]
The spectre of El Niño
With the World Agricultural Supply and Demand Estimates (WASDE) providing the market with a baseline balance sheet, markets have gone back to shifting in line with weather and geopolitical news. Locally the weather is starting to impact, with the basis on the move. The re-negotiation of the Black Sea grain corridor provided Chicago Soft Red […]
