Lamb supply lagging on back of dry conditions
As sheep producers continue the wait for what will hopefully be a significant and widespread autumn break, supply remains the biggest question mark over how the market might move from here through to the traditional mid-winter peak. Specifically lamb supply, with less than favourable seasonal conditions having impacted both ewe numbers and lambing percentages in […]
Will a rising Australian dollar impact commodity prices?
The higher Australian dollar has prompted questions about the likely impact on local extensive agricultural commodity prices. Mecardo has covered this topic before. The relationship between commodity prices and the exchange rate is not a straight forward one, assuming you can predict the exchange rate which is a big assumption. It appears time to update […]
Is there any action in feed grain?
With the feeding sector growing in both beef and lamb industries, along with the traditional large consumers, chicken and pork, there has never been as much grain consumed domestically. As such we have never had such interest in what feed prices are going to do. Australian domestic grain consumption is reported somewhere on the ABARES […]
Beef outlook positive but weather shifts into focus
The Chinese beef import quotas announced on New Year’s Eve were the talk of the industry early in January. Quota remain a hot topic around the saleyards, this that, and El Nino predictions the black clouds on an otherwise rosy outlook for beef and cattle prices. The Beef Producers Intentions Survey conducted in November had […]