Ewe trading options despite lagging mutton market
The mutton price has only been heading in one direction since mid-winter, and that is down. It has lost more than 200c/kg since the annual July peak, and while more closely following traditional trends this year, is still well below average. Slaughter has been operating at the other end of the spectrum, following trends but […]
Some old fashioned cattle market seasonality
Before Australian cattle markets went on their long bullish run in 2020, they had some reliable seasonality about them. Cattle prices would generally rise and fall with the seasons, largely based around supply fluctuations. In 2024 we might be seeing the return of seasonality. Most livestock market participants are afflicted by recency bias. It is […]
Can Australia move international canola markets?
While soybeans have been a drag on oilseeds in general this year, with a very strong crop expected in the US, canola seems to be charting its own path in some respects. We delved into the World Agricultural Supply and Demand Estimates (WASDE) report to see why. Canola and rapeseed production leapt higher in 2022-23 […]
Merino micron volumes and price
Most merino and crossbred wool prices are struggling along at low levels, with the exception of the sub-16 micron categories. This article investigates merino price levels, RWS share of sales and changes in volumes by micron category. Table 1 shows the inflation-adjusted (deflated) ten-year price deciles for eastern Australian indicator-type fleece wools by micron (14 […]
