Cattle upside building in US
While cattle markets here have been in decline for much of the last year, things have turned around in the US. Following drought and herd liquidation, cattle markets have tightened significantly, and this spells upside for producers if supply can ease. Regular readers will know we’ve been talking about global beef prices having a bullish […]
Record wheat production but consumption to match
The latest World Agricultural Supply and Demand Estimates (WASDE) were released last week by the United States Department of Agriculture (USDA). The WASDE sets the benchmark for the supply and demand of many commodities and always has the potential to move markets. This month was no different. On the wheat front, the WASDE announcement led […]
Lamb production to reach new record
There’s plenty of positivity around the growing flock and export market opportunities in Meat and Livestock Australia’s (MLA) latest sheep industry projections. For the average lamb producer, however, there’s little respite in the short term as Australia’s cash rate sits at its highest point in over a decade, and lamb prices are expected to remain […]
