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7 Dec 2023
Heavy supply and shifting demand caused the 2023 ovine price crash.
We've taken a look at whether 2024 is a year of recovery for lamb.
mecardo.com.au/2024-a-year-o…
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15 Nov 2023
With US Feeders at 1450¢/kg cwt, or 780¢/kg lwt, US Feeders are priced at three times the price of equivalent Australian cattle.
mecardo.com.au/us-feeders-tr…
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Mecardo retweeted
14 Nov 2023
Its back! Ag Talk new season starts of with a price update with @robertherrmann1 enjoy the new seasons!
Listen now on the Marcus Oldham website at marcusoldham.vic.edu.au/agta… or find it on Spotify, Apple Podcasts or your favourite podcast app.
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7 Nov 2023
Cheap Australian beef finding a home in the US.
Aus 90CL imported prices have been tracking at a 15-20% discount to the US domestic 90CL product, a spread which hasn’t been seen for about a decade.
mecardo.com.au/beef-market-s…
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25 Oct 2023
More positivity in the long term forecast (Dec-Feb).
El nino not living up to potential and while there is still risk on dry side in the long range forecast, it's not as extreme as originally considered.
youtube.com/watch?v=gEPwr6W_…
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24 Oct 2023
This season is trending similar to 2014-2015 in terms of lamb exports and slaughter.
In those years after strong spring slaughter rates, the following February and March saw it drop back by 8-10% which provided price support.
mecardo.com.au/looks-like-20…
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17 Oct 2023
The last peak in lamb prices was 22 months ago, since then the lamb price (NSW trade lamb) has fallen 54%, hovering around 450¢/kg cwt.
The questions our latest article looks at are how did we get here and what is the outlook?
mecardo.com.au/how-did-we-ge…
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17 Oct 2023
The cattle market is in a weird state.
Slaughter is well below 2019, yet the Eastern Young Cattle Indicator is also weaker than 2019. Supply and demand suggests that if supply is lower, and prices also lower, we must have weaker demand.
mecardo.com.au/demand-worse-…
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Mecardo retweeted
10 Oct 2023
Tough times on both sides of the Tasman. 🐑🐄
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10 Oct 2023
Crossbred wool prices showing signs of life.
Since June the 28 MPG has risen by 101 cents (33%) - its best rally since late 2020.
mecardo.com.au/crossbred-woo…
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Mecardo retweeted
3 Oct 2023
Wet season forecast not looking great
🔻Rainfall likely to be below average
🔼Temperatures above average
🌧️Arrival of monsoon likely to be delayed
Interview with @BOM_au here: podcasts.apple.com/au/podcas… (10min mark)
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3 Oct 2023
Opportunity for backgrounders or traders to take advantage of near 10-year price lows. Our latest analysis runs the trading numbers.
mecardo.com.au/market-turns-…
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12 Sep 2023
It's not just Australian beef exports to the US which is on the rise.
For the first time since 2015 Canada has taken over 3,000 tonnes of AU beef in a month as drought impacts grassfed production domestically.
mecardo.com.au/its-the-cheap…
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5 Sep 2023
Is pork production impacting mutton demand?
Chinese pork production is back at pre-swine flu levels, and stocks have seemingly restored.
Read the full analysis 👇
mecardo.com.au/pork-producti…
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30 Aug 2023
Barley markets on the move, reacting to both drying conditions and the lifting of tariffs.
mecardo.com.au/feed-markets-…
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18 Aug 2023
Australian cattle slaughter lifts 12% in Q2 compared to Q1 but remains 5% below five-year average levels.
Drier conditions, particularly in southern QLD and northern NSW, has driven more females to slaughter than we've seen since 2020.
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17 Aug 2023
Despite being a much smaller wool clip, the non-mulesed South African clip is three-quarters the size of the Australian ceased mulesed-non mulesed supply and matches the Australian volume for RWS wool.
mecardo.com.au/south-african…
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15 Aug 2023
Supply of old season lambs hasn’t dried up in recent months, and despite reports of suckers hitting saleyards much later than they have traditionally done, slaughter remains sky high.
mecardo.com.au/suckers-slow-…
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11 Aug 2023
Cattle yardings are up significantly on the usual figures for this time of year. In a welcome sign of support, slaughter continues to increase as we approach spring.
mecardo.com.au/resilience-fo…
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10 Aug 2023
The EYCI has been trading at a discount to the 90CL US imported beef price since February.
The resilience of the 90CL to extra supply is needed for Australian farmgate prices to find some support.
mecardo.com.au/90cl-holds-up…
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