Market turns in favour of cattle traders
While the downward price trend of young cattle this year has presented a challenge to producers of young cattle, for backgrounders or traders it opens up a potential opportunity to take advantage of near 10-year lows. The Eastern Young Cattle Indicator (EYCI) has somewhat defied expectations and continued to fall during the spring. The combination […]
Rebounds in sheep meat prices
In mid-September, Mecardo looked at previous down cycles in lamb and mutton prices since 1970, showing the current downturn is certainly rhyming with the past. In this article, we look more closely at the rebounds in price seen following such down cycles. In the earlier article, nominal price data was used as we were looking […]
Wheat basis breaks the ton
Despite the dry weather continuing, and yield prospects declining, it seems strange that local wheat prices haven’t taken off. There is good reason for this, with declining international markets keeping a lid on values, and we can see that in basis terms, wheat has had a strong rally. Looking at some of the wheat quotes […]
