Trading out of dry cows into PTIC
Last week we looked at the trading budgets for young cattle, which showed definite opportunities if producers have feed in front of them. Higher herd numbers would indicate plenty of females have been retained on farm, but heifers don’t start to contribute to cash flow overnight. So what are the trading conditions currently like for […]
Big mutton discounts to lambs
With lamb markets close to historical highs, and supply tightening as we usually see in the winter, there is an expectation that mutton prices would also be strong. We know that while mutton is much stronger than this time last year, prices remain well below the five-year average. Export demand and restocker interest are seemingly […]
Canola supply concerns showing in the market
International canola prices have continued to bounce around in the face of fluctuations in seasonal growing conditions and harvest weather. Locally canola values haven’t been as volatile, as the trade comes to grips with a much drier than normal winter in key growing areas. ICE canola, which is based in Canada, has been the most […]