Lotfeeder margins make for a record March
Yet another record has been set for the number of cattle on feed in Australia, which reached 1.354 million head in the March 2024 quarter. According to Meat and Livestock Australia and the Australian Lotfeeding Association’s latest feedlot survey, it was the sixth quarter in a row that numbers on feed increased. With capacity remaining […]
Basis fluctuations create opportunity
Long-time readers will know how we like to look at price spreads as a pointer to buying or selling opportunities. Recent fluctuations in international wheat prices have created plenty of scope for ‘basis trading’. Here we look at a few things to keep a lookout for. When we talk about ‘basis’ we are referring to […]
Lamb weights recover in March
We have been following the increase in lamb exports to the Middle East with interest over the last twelve months or so. Increased slaughter, and stronger exports to a market that takes lighter lambs, saw slaughter weights fall in the December quarter, but interestingly, they recovered in March. While export data comes out monthly, and […]
Long look at 15 micron supply and prices
Fine merino prices tend to vary year to year inversely with the change in the supply of the fine micron category under consideration. It is an easy progression to assume that the longer-term trends follow a similar pattern. With this in mind, we take a long-term look at 15-micron price and volume. This article starts […]
