Restockers to set pace after Autumn break

Most recent industry outlooks point to a steady-as-she-goes cattle market for the medium term, with strong ongoing export demand and high slaughter levels counteracting the larger herd numbers. With some rain having fallen, restocking action in the market is now expected to kick back in, but to what extent will continue to be dictated by […]

How do the size of yardings move prices in Wagga

Mob of sheep moving in dusty yard

Talk to any farmer or local agent, and they will tell you that local supply has an impact on local prices. Many a grower will hear the yarding is going to be big and worry about prices falling, or vice versa. Does a strong price move encourage more lambs into the yards? Here we crunch […]

Moving in the right direction

Canola field

The worm seems to have turned somewhat in the grain and oilseed complex. While there is some short-term support coming from yet more geopolitical unrest, some fundamentals are also on the move. With the wheat hedging window theoretically closed, rising prices now are approached with caution. Figure 1 shows the jump we’ve seen in wheat […]

International sheep meat supply and lamb prices

In mid-2022 Mecardo looked at the international supply of sheep meat (albeit from a limited number of countries) showing how lower supply had positively correlated with the increase in US dollar lamb price in the decade to 2011, with no clear trend in price evident since then. This article updates the numbers to see how […]