Old ewes on their way out
Producer’s intentions to continue rebuilding Australia’s sheep flock have diminished since October, as market prices have lowered, and input costs (namely interest rates) have risen. Meat and Livestock Australia and Australian Wool Innovations latest sheep producer sentiment survey was conducted in May, and it found sentiment around the sheep meat industry for the next 12 […]
Perfect storm of increased supply and dry spring
The cattle herd rebuild has been quicker and stronger than expected. Meat and Livestock Australia’s (MLA) latest projections have lifted herd and slaughter estimates significantly on previous estimates. We know what stronger supply is doing to prices now, but what about in the event of the forecast dry spring? The latest MLA cattle projections show […]
Faba bean production waning
Faba beans have become a very popular crop in the rotation in recent years. Plantings of faba beans have been consistently strong over the past three years, and good growing conditions have led to strong supply and weaker prices. The Australian Bureau of Agricultural and Resource Sciences (ABARES) June Crop Report suggests we might see […]
19 MPG basis to non-MPG wool prices
In previous articles, Mecardo has looked at the difference in price between the eastern 20 MPG and the eastern Merino Carding indicator (MC) as a guide to times in the market when there is minimal downside risk for 20-micron fleece prices (reflected in the 20 MPG). In this article, we look at a variation on […]
