EYCI discount drops despite booming 90CL
As we discussed last week, the US is experiencing extreme highs in its domestic cattle market due to herd numbers being at their lowest point since World War II. The impact on Australia’s market comes primarily through the 90CL imported lean beef trade, for which domestic supply in the US is currently lacking. While imported […]
Argentine wool clip update
Argentina is another major wool exporter in the southern hemisphere, and it has become particularly important to the supply chain because a higher proportion of its clip is RWS-accredited compared with Australia. This article takes a look at wool supply data for Argentine from last season. Mecardo last looked at the wool volumes by micron […]
Is this the bottom?
US wheat prices seem to have support at levels that are reportedly close to, or lower than, the cost of production. With production forecasts rising here, we take a look at some relative pricing. As outlined in Friday’s weekly comment, the United States Department of Agriculture (USDA) World Agricultural Supply and Demand Estimates (WASDE) was […]
Alternative ways to look at lamb prices
Simple price charts tell a story of where prices are compared to recent or longer-term historical values, but sometimes it’s informative to present data from a different view. Here, we present the rapid rise in lamb prices in different ways to assess how current prices might impact supply going forward. Firstly, a look at demand. […]