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April 2017

Another week, and another week of relatively flat prices for wheat.  There was some upside for canola in international markets, which is providing some opportunity.  There has been some talk around regarding CBOT wheat being primed for a spike, and there might be something in...

A rebound in East coast yardings post the Easter break, particularly out of NSW, sees the Eastern States Trade Lamb Indicator (ESTLI) take a breather this week. The ESTLI posting a 2.9% drop to 667¢/kg cwt. Not so for National Mutton, bucking the trend with...

Last August Mecardo reviewed the supply of short wool in the clip and drew the conclusion that overall the proportion, while varying, did not have a definable trend. This time around we look at much shorter term data and drill down by micron category to...

Three short weeks in a row will play havoc with any market.   In livestock it seems to be even worse.  Some saleyards are closed, others selling two weeks’ worth of stock and processors need fewer cattle.  Prices are similarly disrupted, but we’ve only a week...

Recent sales volumes and AWTA data have shown strong increases in the supply of broad merino wool in Australia. While the supply was expected to pick up on the back of improved seasonal conditions in 2016, the rise has been faster than anticipated. This article...

The Chicago wheat market found a bit of strength this week on the back of some less than ideal sowing weather.  This sees spring crop going in late, and the spectre of some areas not getting in at all.  All this despite another relatively bearish...

A short week due to the Easter holidays and young cattle prices took a small breather as east coast slaughter figures trek sideways. The Eastern Young Cattle Indicator, marginally softer to close yesterday at 660.75¢/kg cwt, 6¢ softer than this time last week. Figure 1...

Key points: Analysis of annual rainfall deciles over the last century shows that the chance of back to back wet seasons lasting longer than two years is uncommon The most recent transition from a wetter than normal to a drier than normal period was over...

There is a theory around that the upcoming public holidays and subsequent disruptions to sales and lamb supply has been pushing processors to buy up in markets to secure supply.  However, if Meat and Livestock Australia’s most recent projections are to be believed there might...

This week the wool market carried on with the positive upward move identified towards the end of last week. Tuesday had across the board rises of 40 to 80 cents, while a further 30 to 60 cents was posted on Wednesday. The EMI closed up...