Producer survey shows early turnoff
As we reach the usual mid-winter contraction in supply, we can start to look ahead at what the spring might bring. Southern processors have had to head north to find slaughter-ready stock such as heavy cows in recent weeks, raising questions about the availability of that category when the weather warms up. Has another failed […]
Some surprising numbers in sheep survey data
The Meat and Livestock Australia (MLA) and Australian Wool Innovation (AWI) Sheep Producer Intentions Survey (SPIS) was released last week, and the results were interesting, to say the least. The finding for breeding flock size seems to be lagging a little, and the flock structure, contrary to sentiment. The size of the sheep flock seems […]
Peace of mind for a little cost
We normally think of managed funds as the “smart money”, but sometimes they do get it wrong. Last week was a prime example. The funds were caught out with sizable short positions on wheat, as the market surged higher on the outbreak of war in Ukraine. The opportunity in the roller coaster ride that is […]
RWS premiums for quality wool
Premiums for quality assured wool, non-mulesed wool, are the bright light in the wool market at present, with feedback continuing to indicate demand in excess of supply. With this in mind, Mecardo takes a look at these premiums. The wool industry has a long record of spending levy funds on marketing (Bob Richardson’s paper is […]