Wheat takes a breather

Wheat field with blue sky

The wheat market has stalled a little in the past couple of days. The bullish reaction to the Russian export tax story has dulled a little as details are still being hammered out and the market deals with more questions than answers. Interestingly, Russia is also considering continuing an export tax of sorts into the […]

Prices out of sight but top of mind

Cattle in a yard

Young cattle prices mustered up some more strength from another week of subdued supply to post yet another record. And what a record it was! The Eastern Young Cattle Indicator smashed past last week’s record price, adding another 30 cents to close the week at 871¢/kg cwt. This was 59% (323¢) higher than the price […]

Get them light, hold them tight

Group of black head sheep in paddock

Only a few weeks in and it’s been a busy January. Strong prices have got the saleyards pumping again, but processors have been a little slower to get back to speed. The decent show in the yards wasn’t enough to hold lighter lamb prices though this week. We took a  detailed look at supply in […]

Upward trend continues

Wool sheep moving through yards

The second week of sales for 2021 was described as exhibiting “keen competition” on the large offering. The positive market continued up to the last day of selling, and impacted all types and microns. The standout was again the fine end, with AWEX noting that premiums were paid for better processing measurements particularly low CVH […]

Victorian supply dragging in December and worse in January

Wide shot of sheep in a field

January lamb and sheep slaughter has failed to rally in its usual fashion. Normally January sees a spike in both sheep and lamb slaughter as processors catch up from the break, and stock up for Australia Day. This year it’s Victoria which is dragging slaughter lower. Given the state of the sheep flock, and supplies […]

VM levels changing

After three tough years in eastern Australia, good rainfall in 2020 has been a blessed relief for most regions. With a change in seasonal conditions from rough to good come changes in the nature of wool delivered to store. One of these changes is an increase in vegetable fault. This article takes a look at […]

Australian wool exports to China – a successful partnership

The new year wool sales have opened, and again it is the dominance of China that is driving the early sales. This is no surprise as the trend of increased export volume (and value) to China has exhibited a consistent and sustained pattern. China wool demand will be the key element in the fortunes of […]

Restockers required

Sheep in green hilly paddock

Restocker lambs have opened the year as one of the hottest commodities, surging higher as producers, feeders and processors compete for whatever livestock they can afford – and hopefully make a profit on. Finishing last week at 946¢/kg, the national restocker indicator is close to 20 per cent higher than the same time last year, […]

Change in Merino micron curves driven by changes in supply

Mecardo has published quite a few articles on micron premiums and discounts in Merino prices, as it leads to substantial changes in relative prices and is related strongly to greasy wool production rather than change in demand along the supply chain which is much less transparent. In late October, Mecardo showed how the micron price […]

We can see the downside, but timing uncertain

Cattle in field looking forward

New records are being set for young cattle, while slaughter cattle are back close to the highs set last year. The most common question being asked now is ‘how long will it last?’ The answer, as always, is ‘it depends’, but we can get an idea of where prices might head when grass fever wanes. […]

Stronger, higher, the moon?

Cattle in a sale yard

The 2021 cattle markets have opened at a relaxed pace in terms of volume; however, prices have risen energetically, with the EYCI well and truly breaching the all-time record set in November 2020. This has possibly been spurred on by the eyewatering prices set in the weaner sales in the first week of the year. […]

From Russia with love

The wheat market is in chaos and it is due to political interference more than any fundamental issue. We know that wheat is riding the coattails of very tight corn and soybean stocks, and while there is solid demand for wheat, the global stocks do not lie. There is no shortage of wheat with much […]