Young cattle prices need a drink
The Eastern Young Cattle Indicator has long been a price point of interest for the industry, and while it has in some ways been surpassed by more comprehensive indicators, it still gives us a good guide to how the cattle market is trending. As we can see from Figure 1, competing domestic and global forces […]
Wool price volatility
The greasy wool market, after a run of lacklustre years, has been on a tear in the past month and performed well since June/July. How much of the rise is due to demand and how much to supply is not clear yet, with both factors contributing to the rise. However, strong price rises do not […]
East Coast declining potential
The latest Wheatcast forecast was released last week, and while it’s a good read for statistics nerds, it’s not great news for wheat supply. Further dry conditions have weakened and narrowed the Wheatcast yield forecasts. New South Wales wheat yield forecasts are still at the very top of the historical range despite having weakened, and […]
Holding lambs at record price
Lamb producers who missed out on the extreme prices of the winter are now able to cash in on store lamb values, which have never been this strong, whether it be at this time of year or ever. Do we take the money, and is there value in growing out lambs this year? It took […]