Quality systems volumes in Australian wool auctions in 2024-25
Mulesing and quality schemes continue to be topical in the Australian greasy wool market, with the mulesing issues non-existent in the other southern hemisphere merino wool exporter countries. This article takes a look at quality scheme sales volumes during the last season. Mecardo last looked at quality scheme volumes in June 2021 (see article here). […]
Bullish forecast for wheat production
The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Crop Report is the nation’s official estimate of grain production for the coming harvest, and the September report was released last week. The Crop Report for September was particularly bullish for wheat production in Western Australia but also showed significant improvements in yields for […]
Grainfed beef is growing on Australia’s export market menu
Booming beef exports have continued in August, as South Korea and China added further support to the strong demand out of the US. Grainfed beef volumes continued to gain pace on the back of yet another record high quarter for cattle on feed in Australia. The latest Meat & Livestock Australia industry projections have exports […]
Dead cat bounce or a sign of things to come
Just when we thought 1200¢ was too much for lambs, and the market started to wane, last week saw a bounce that again raised the hopes of lamb producers. Here we take a look at some historical price trends and try to find a path for prices. A ‘dead cat bounce’ is a temporary recovery […]