Shifting lamb losing value
Attending Western Victoria’s largest sheep event, Sheepvention, this week, the decline in spending was apparently notable. With lamb and wool prices both in the doldrums, the confidence that has been around for the last 5 years has evaporated. Looking at what’s wrong with lamb markets, we start with exports. July lamb export data came out […]
90CL holds up against supply onslaught
Australia’s increasing supply has been putting downward pressure on both local and export prices, however much less so on the export returns front if you use the 90CL as the key indicator. Where the Eastern Young Cattle Indicator (EYCI) has lost nearly 40% in the past 12 months, and the national cow price has declined […]
China finally lift the barley tariff
Late on Friday, after markets closed, the news came through that China was scrapping the tariff which has made exporting barley to China un-economic for over three years. The market did react on Monday, but most of the heavy lifting had already been done. A quick recap. In June 2020 China imposed an 80% tariff […]
Australian Merino Production update
While the focus on the greasy wool market tends to be on demand and consequent price levels, the wool quality which tends to drive premiums and discounts operating in the market is something we can measure and monitor. In this article, we look at merino fibre diameter and the overall vegetable matter (VM) in the […]
