Indonesia takes an even bigger share of live ex cattle
Live cattle exports are tracking well above year-ago levels for 2024 so far, with Indonesian trade picking up considerably after a slow start to the year. Australia’s ample supply and lower domestic cattle prices have made for positive trading conditions so far this year. While May and June are historically the largest months of the […]
Eating into the flock
Lamb and sheep slaughter almost always declines at this time of year. The changeover period between old and new season lambs has processors slowing down for maintenance and this year is no different. Despite this, year-to-date slaughter is significantly higher, which begs the question as to where these lambs are coming from. Lamb slaughter has […]
Tight supply but where are the bulls?
The August ‘World Agricultural Supply and Demand Estimates (WASDE) was released last week, and it yet again gave us a tightening picture for wheat stocks. The market isn’t terribly interested in tightening stocks, as pricing continues to track sideways at the bottom of the recent range. As mentioned in Friday’s Weekly Comment, the United States […]
Economic background to the Merino Market
The greasy wool market awaits improved demand which in turn depends upon economic growth in the major economies. This article updates where the economic backdrop to the wool stands. Mecardo last looked at the macroeconomic backdrop to the greasy wool market in early February (read more here). The conclusion at the time was that weak […]