The first sneak peek at the spring rainfall outlook issued by the Bureau of Meteorology (BOM) yesterday paints a grim picture for cattle producers and you could say it’s a crappy forecast on account of all the brown patches spread across the country. An elevated...
The lamb market continued to decline this week, and mutton managed to maintain its strength. Wool producers can take some solace from this, in a week when wool prices have been tanking, at least their stock are still worth very good money. This time last...
Wool prices are crashing, and while still historically strong, yesterday hitting one and a half and two and a half year lows for the 19 and 21MPG’s respectively. The wether flock was already falling, here we take a look at how lower wool and strong...
Wheat is not just wheat. There are multiple varieties bred for different purposes from durum to noodle wheat. There are also multiple futures contracts which can be used based on quality and geography. In this article we will be looking at Kansas and Chicago futures.In...
The yearly peak for the Eastern Young Cattle Indicator (EYCI) has drawn out more young cattle, but demand was up to the challenge. With young cattle yardings reaching a four month high, the EYCI managed to hold its strength. It is unusual for young cattle yardings...
Just over two weeks ago the Eastern States Trade Lamb Indicator (ESTLI) was peaking at 951¢/kg cwt and yesterday it closed at 851¢ - how quickly sale yard sentiment can change as we approach the spring flush. We aren’t in the depths of the spring flush...
With a new month comes new opportunities. This week we take a look at the futures market and basis levels around Australia. Let’s start with the global picture. The market has largely traded in a sideways motion since the end of July, with December Chicago futures...
The wool market resumed after the winter recess selling in all three centres but it was an opening that many feared. Demand was negatively affected by the global uncertainty focused on the US/China trade dispute. Most buyers would have called on their northern hemisphere customers over...
The end of July sees Australia and the US once again starting to diverge away from one another, with drought concerns coming to the fore. In this week's comment, we briefly discuss the direction of the market and the recent external administration of another grain...
The biggest issue in the protein markets at present is the African Swine Fever outbreak hitting hard in China. Clearly, there is a direct relationship between different meat products – but what about grains? At Mecardo we examine a wide range of markets to provide insights...