Slaughter is up but cattle still too cheap
With Meat and Livestock Australia’s (MLA) Cattle Industry Projections dropping last week it gives us our first look at what cattle supply might look like for the rest of the year and into coming years. Cattle supply is not the only driver of cattle prices, but it is a key one, and when we combine […]
Plenty of Lamb, many a market
With Meat & Livestock Australia’s Sheep Industry Projections indicating 2024 will be the peak supply for this cycle of flock growth, it will come as no surprise that lamb and mutton exports are set to follow suit. And they aren’t wasting any time, with lamb exports already 27% higher for January-February than the same two […]
Better than expected Sorghum crop to pressure prices
The March Crop Report released by the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) rarely changes much from December for winter crops, unless it is a real bumper. This year is no different, but it’s the increase in summer crop production that is likely to pressure the feed market. There were some […]
Apparel fibre price update
Merino wool prices, except for the very fine micron categories, continue to drift along. Crossbred prices also continue to drift, at very low levels. This article takes a look at where apparel fibre prices are generally. It is six months since Mecardo last looked at apparel fibre prices (read here), with the conclusion at the […]
