US herd build provides a boost
The long-predicted slowdown in US beef production has seemingly come into play this year, and Australian beef is filling some of the production gaps. Total Australian beef exports for the first quarter of 2024 are up 25% year-on-year, and exports to the US are up 80% for that same period. We have to go back […]
US lamb demand stronger
The US has held the mantle as our largest market for lamb exports since lambs got very expensive back in 2020. As a single destination, they are still the largest importer, but last year Australia sent more to the Middle East region. The US is very important in putting a floor in prices, so we’ll […]
Performance from pulses
Faba beans have become a popular break crop in southern states, delivering not only a valuable export or feed commodity, but also giving nutritional benefits to soils. The previous season saw lower plantings and yields, but a boost in prices. Pulse production, in general, has lifted in recent years, with increased plantings of lentils and […]
Update on RWS premiums
The greasy wool industry tends to think of quality effects on price as additive, somewhat like building a “lego price model” – add for good quality, deduct for poor quality. Clearly, this is not applicable across all types; spinner-style dags are just dags. The application of premiums (say for RWS) depends a lot on the […]
