Key PointsHay prices have fallen from the highs of last harvest. Wheat holds a premium over hay in Victoria (+30%). Hay holds a premium over wheat on the Darling Downs (-10%). DD hay has held an average premium of A$144 over Victoria.Our team covers...
There is an argument to say you can’t take much notice of markets in the last week of trade before Christmas. Buyers are winding down in anticipation of closures, and sellers generally try to avoid selling because of that. Cattle producers will be hoping this...
Tis the season to be jolly. As we move into the festive period and Australia effectively closes shop for the next fortnight, we have seen a lift in pricing levels. In this update we take a look at black sea pricing and local basis levels. The...
The improved demand observed last week after successive falling weeks continued strongly in the last week of selling for 2019. Buyers found support from mills to bid strongly on another large offering, sending the market to the Christmas break in a positive mood. The Eastern Market...
Processors appeared to tick off the Christmas list early this year, with plenty of supply to see sheep and lambs booked up. There was no last minute rush to fill orders, and prices took the hit, dropping back to levels not seen since April. For the...
The South Australian government is debating a bill to end the moratorium on GM crop cultivation. I received information from a contact related to claims from anti-gm activists. I thought it was time to dispel some of the activist’s misunderstandings. The Mecardo team produced a report...
The wool market is drawing close to the end of year recess and like many of us, exporters were spurred on to fill their orders to ensure they make shipping cutoffs. Demand kept slightly ahead of the increased supply, with most categories posting small increases...
It is the time of year when lamb yardings reach their seasonal high, driven largely by Victoria. It was Sheep that reached a record last week, however. This is no surprise given the very good prices at a time of year when they usually hit...
Up, down, side to side. The rollercoaster of the grain market continues to provide excitement. As harvest advances pricing levels have risen. In this week's update we take a look at ASX pricing, WA forecasts, Trump deals, and UK elections.The ASX contract has risen dramatically...
Just a month ago Cow prices were over 500¢, and almost the same price as the Eastern Young Cattle Indicator (EYCI). This week cow prices continued to tank, while other cattle types largely held their ground.Figure 1 shows state cattle indicators declining sharply since hitting...