Chinese deadline pushes exports higher as EU FTA disappoints
Australian beef exports have steamed through March coming in just shy of 150,000, making it the second-highest monthly export volume on record. Consistently strong supply from Australia this year has supported the export trade, as has demand out of the US, which took more than 40,000 tonnes for the first month so far this year, […]
Varying estimates of the Australian sheep flock
There is always some variation between flock size estimates, depending on the time of year the estimate is made, the quality of survey and the method of estimation. However the current situation has a 10 million head difference between the main estimates, which in a flock of 55-67 million is a large variation. The wool […]
Grains can’t find support
While rising energy prices are pushing the cost of everything higher, grain prices continue to track sideways. Canola tried to have a rally but fell into a hole on the back of easing crude oil prices, with wheat also in decline. Global uncertainty is afflicting a lot of markets, but cropping commodities remain relatively immune. […]
Flock heading to a 125 year low
Short weeks and an altered scheduled means it’s been three weeks before we take a close look at Meat and Livestock Australia’s (MLA) Sheep Industry Projections. While there is plenty of forecasts of interest, the standout is the fact that despite record lamb prices, the flock is to remain in decline. The change in the […]