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August 2017

Last week Mecardo looked at when the Eastern Young Cattle Indicator (EYCI) might find a base after a long fall.  While prices still eased this week, the rate of decline has slowed, suggesting some support might be found soon. Technical analysis isn’t a strongpoint, but we...

Every quarter the Australian Bureau of Statistics survey retail meat prices as part of the construction of the Consumer Price Index.  Meat and Livestock Australia (MLA) have a formula for converting the numbers from the indices into average retail prices.  Given the levels of saleyard...

Just when we were expecting the lamb market to continue its late winter and spring slide into the mid-500s, demand seems to have found some life.  This week the lamb market rallied back to 5 week high despite increasing slaughter rates. Markets can sometimes defy even...

The optimism that was evident following the last two weeks of strong wool market sales suffered a reality check this week. With the market only selling in Melbourne & Sydney, and with the sale conducted on Tuesday & Wednesday due to “Wool Week” activities, it...

In recent times, there have been accusations of Russian tampering in western politics. In the wheat game, the Russian crop is interfering with our grain pricing! In this week’s comment, we highlight the Black Sea, and its impact on global pricing. In figure 1, the spot...

Average trade lamb prices continue to track around the 600¢ mark on the east coast, and higher in the west. Lamb and sheep slaughter has rallied and is sitting well above last year’s mark, but demand appear to be keeping pace with supply. In the week...

National Trade Steers holding up reasonably well this week, supported by price lifts in Queensland, as most other categories of cattle take the lead of the Eastern Young Cattle Indicator (EYCI) and continue to probe lower. Although, prices out West and in Victoria buck the...