Plenty of beef for the US
While beef export volumes have eased from the record highs of July, they continue to run well ahead of the average. The US market share of our exports is surging ahead, as strong demand continues to drive the trade. In September Australian beef exports eased 6% from August and sat 12% off the record set […]
Middle East makes moves in sheepmeat market
Total sheepmeat exports are 15% higher for the year-to-date, with demand from the Middle East and the US on the rise, while volumes to China have been lagging behind year-ago levels. Lamb export volumes have been dipping month-on-month since August, but remain well above five-year average figures, and are still on track to hit record […]
Canola nearing 18 month highs
You can’t turn on the TV without seeing the latest developments in conflicts in the Middle East. The latest threat to Iranian oil production has given oil prices a boost, which is flowing through to oilseed values here and internationally. The oil price has gained some ground, up $10/barrel or 14% since Iran launched missiles […]
Supply and price for broad Merino
Low wool prices, along with dry seasonal conditions, lead to poor sentiment. Given the current low wool prices (and apparel fibre prices generally) the question is whether they will rebound, and if so, to what level? Mecardo last looked at this subject in January 2023 (read more here). For this article, the AWEX eastern 21 […]