Rainfall divide evident in restockers
The current cattle market demand divide is twofold at the moment, and week-end price indicators are giving us some insight to that. As the global beef business keeps booming, domestic cattle prices here in Australia remain historically strong despite dry conditions in the south. Which is where the second divide comes in, as northern NSW […]
Bit of a squeeze?
The market softened from both a supply and price point of view. Numbers were held back and bids were more conservative as the lack of southern rain and 10% higher YoY exchange rate improvement looks to be resisting the supply squeeze as we finish summer. Per Mecardo analysis this week (read more here) , weekly […]
Will these ripples build into a wave?
With a truncated trading week due to the US Presidents Day public holiday, combined with much of Asia closed for Lunar New Year celebrations, you would normally expect market activity to be subdued. Instead, volatility crept back in as an early weather narrative and rising geopolitical tension gave traders something to engage with. Heading into […]