Restockers go missing in mutton market
The winter saleyard slowdown for sheep is upon us as we enter a new financial year and most producers have offloaded the extra mouths they have earlier in the season. Meat and Livestock Australia reported last week that sheep yardings had halved and that 80% of sheep sold out of Wagga Wagga went to Victorian […]
Is cattle slaughter high enough?
The new Australian Bureau of Statistics (ABS) calculation of the size of the cattle herd has caused plenty of headaches in spreadsheets and given rise to plenty of questions. The publicity around herd size has also seen some queries arise as to where the herd is headed. The first question we have to answer was […]
Canola basis narrows, but is it enough?
About a month ago we looked at the canola ‘wild ride’ and how it was continuing to that point. Since then the rollercoaster has continued, with canola falling, but bouncing again, with futures and local prices finding new 16-month highs last week. Matif and ICE rapeseed and canola futures fell from mid-May in line with […]
Fine Merino volume and price: Impacts of waxing/waning demand
The 2023-24 season finished with wool prices generally easing, as they have for most apparel fibres. In this article, we look at the 16-18 micron categories in terms of volume, price, and gross sales value. Mecardo last looked at the price, volume, and gross sales value of fine merino wool in May 2021 (read more […]
