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25.01.2022 Looking forward to tonight's webinar for Virbac discussing rebuilding the national sheep flock and the opportunities in maximising productivity with the demand outlook. Mecardo's Robert Herrmann will be alongside Martty Corcoran on boosting lambing rates. You can register for the event that will kick off at 7:30pm AEST. $300 in prizes to be given away too! https://bit.ly/ovastim-webinar

25.01.2022 Despite the 30 year low in cattle slaughter expected for this year, live export numbers have remained pretty strong in 2020. In this article we take a look at the projected supply for the next three years, and what it might mean for price https://mecardo.com.au/steady-projections-but-supply-could/

24.01.2022 The outlook for agricultural markets have been shaken up by the pandemic but are the fundamentals still there? Catch up on Mecardo's latest beef, sheep, wool and grain market outlook webinar to the Perennial Pasture Systems group which is now available: https://mecardo.com.au/market-outlook-wool-sheep-grains-an/

23.01.2022 Under Victoria's lockdown, the current meat processing restrictions may see a backlog of 300,000 lambs accumulated by the middle of November if lamb supply is close to the 5yr average. To say the least, these restrictions won't be good for lamb and mutton prices. https://mecardo.com.au/extending-restrictions-to-see-a-bac/

23.01.2022 With some unrest in the relationship of our major trading partner China, what does the future of the commodities markets look like??? This is one of the questions Rob Herrmann of Mecardo will be tackling in tonight's webinar for ProAdvice Pro net series. It's your last chance to register and join us in the discussion on sheep meat, grain, beef and wool markets. Follow the link to register and "zoom in" at 6.30pm tonight! https://us02web.zoom.us//register/WN__uTSMMtMQj6GYHuAZCxaAQ

23.01.2022 Buying lambs in Oct/Nov when prices historically soften and turning off in the new year is a pretty typical strategy. However, the direction of lamb prices has never looked more volatile or uncertain. So how much risk exposure is present at the moment, and how far can the market price move before the trade becomes unprofitable? https://mecardo.com.au/danger-lambs-risk-rainbow/

21.01.2022 Fine wool premiums are on the rise. The rise in premiums is a good example of how supply influences market premiums and discounts but not the overall trends and cycles of the greasy wool market. Full analysis: https://bit.ly/3aXMS8S

20.01.2022 How does the current wool price fall compare to the downturn following the Spanish Flu? Prices are currently down 60% on 2018 highs. The downturn in 1921 (following the Spanish Flu) saw prices fall by 75%, before recovering in 1923. Full analysis: https://mecardo.com.au/peak-to-trough-analysis-of-merino-p/

18.01.2022 Wool has a history of big falls, often following a big rising price cycle. This current price fall has its own unique characteristics, coming off the back of a strong rising cycle running from 2015 to 2018, along with the advent of a global pandemic knocking consumer confidence. This week the Eastern Market Indicator (EMI) dropped below 1,000 cents per kg for the first time since April 2014. https://www.northqueenslandregister.com.au//unique-circu/

17.01.2022 Restocker lamb prices head north even as supply of both light and new season lamb builds. Those looking for the quickest way to turn the remainder of their green feed into monetary return are betting on store lambs, and alongside lotfeeders, they’re driving the price for stores. Read the full analysis: https://mecardo.com.au/restockers-on-the-rise/

17.01.2022 Like much of the Aussie crop, Faba Beans are set for a stellar harvest - 50% larger than last year. Egypt normally accounts for half of world import demand but is not currently buying in volume. Egypt’s processing and re-export market reportedly soaked up a lot of faba bean stocks earlier this year, while outdoor markets in the Middle East have been closed or limited due to the impact of COVID-19 restrictions. Read more: https://mecardo.com.au/plenty-of-bean-counting-ahead/

16.01.2022 China may have been all the talk of agriculture markets in 2020, but in fertiliser markets, the spotlight has been shared with India. This year it’s been strong import demand from India and tight export supplies in China that have supported the global urea market. Read the full analysis: https://mecardo.com.au/urea-markets-fed-by-the-hand-of-ind/

15.01.2022 The US Corn Market has risen significantly over the last six months. What Caused it? Overall, a number of factors have influenced the corn market this year; a rampant virus; dry weather, lower plantings and the USDA releasing multiple numbers that surprised the market. That’s not to mention an actual storm in the US called a Derecho and, finally, China going on a buying spree. Corn market movements influence the entire feedgrain complex, including wheat, Barley and Sorghum.... Read the full analysis from our senior analyst Adrian Ladaniwskyj https://mecardo.com.au/corn-market-popping/

15.01.2022 Could a highly valuable coproduct of the Australian cattle industry play a role in combating the Covid-19 pandemic? Read our analysis: https://mecardo.com.au/aussie-cows-could-help-make-covid-1/

15.01.2022 The Eastern Young Cattle Indicator (EYCI)-90CL price gap goes a long way to highlighting how out-of-pace Australian prices are compared to the global beef market. The EYCI is currently at the largest premium to the 90CL since January 2017. https://mecardo.com.au/us-beef-market-holds-steady/

14.01.2022 Commodity Conversations hit the 100 episode milestone this week! Thanks to all the guests and listeners that have got us to well over 50,000 downloads. For the 100th episode, we took a look at where cattle, sheep, grain and wool markets were back when the podcast first launched in March 2019 and chat about what's driven the major changes since and where they might go next. ... Listen on iTunes: https://apple.co/2S0frK2

12.01.2022 On an increased offering, the wool market again failed to hold prices at the previous weeks levels. Price fell while the AUD, the bales offered and the pass-in rate all rose. Neither of these increases signify a good week for wool. Free market comment:... www.mecardo.com.au/market-selective-on-quality/ See more

12.01.2022 Eastern states cattle kill fell 17% for the week to 97,793 head - a 30 per cent dip year-on-year. To put this figure into perspective, there is no week in August with below 100,000 head slaughter totals for the past 20 years. In fact, the only weeks in the past 20 years that have fallen below the 100,000 mark were either in the December/January holiday period, over the Easter break, or in just one instance the week of Australia Day. Free market comment: https://mecardo.com.au/slaughter-slides-south/

11.01.2022 What does La Niña mean for cattle markets? The last two La Niña events have resulted in record prices for cattle. With cattle prices already at record levels, the big question is whether significant rainfall can help them stay there until Autumn.... See the full analysis: https://mecardo.com.au/la-nina-to-support-cattle/

08.01.2022 The crop numbers are looking pretty ugly in areas affected by the devastating Iowa "derecho" storm. Corn conditions have dropped 19% lower since the event a few weeks ago. This, as well as new information out of China and Argentina is bringing volatility back into the grain market. https://mecardo.com.au/us-china-and-argentina-welcome-back/

07.01.2022 The last month has seen a series of increases in the expectations for yields in both world crops, and those in Australia, which led to deteriorating price expectations. If we are looking at bumper crops globally, what tools are there to manage prices? The ASX Wheat basis has shown some volatility in recent weeks, but some resistance to lower price levels has actually seen basis improve since March and April. With basis currently sitting between $10 and $20/t it is much lower than recent harvests. Read the full analysis: https://mecardo.com.au/locking-in-wheat-basis-for-harvest-/

07.01.2022 Will La Nina be enough to stop the normal price decline during the spring lamb flush? Read on, to see what the past suggests: https://mecardo.com.au/its-all-up-for-lamb-yardings-from-h/

06.01.2022 New podcast episode Substantial rebuilding of feed stocks in China and production cuts to corn and Soybeans were the highlights of the recent USDA WASDE report. Nick Booth from Next Level Grain Marketing joined us on the podcast this week to discuss the changes and what it means for local pricing. Listen on Itunes here: https://apple.co/3eUoE17

06.01.2022 Australia is on track to produce the second-highest barley crop on record, and there is no end in sight for the Chinese tariff and suspensions afflicting the market. So where will this year's crop go? Domestic barley consumption is limited, so there will be plenty moved into export markets or carried over into next season. https://bit.ly/3kVaA9Z

06.01.2022 A look at the competition - New Zealand NZ lamb values have followed a similar trend to Australia, with declining export demand impacting values. In Australian dollar terms September lamb prices have averaged 655/kg cwt, so our lambs are commanding a small premium.

06.01.2022 Keeping an eye on the competition - Argentina Argentina’s cattle herd has not seen the steady growth that Brazil’s has, only booking a 9% increase since 2000. However, export volumes have more than doubled over the same period! And quadrupled following a collapse that occurred in 2010 as a result of export quota controls imposed by the government.... Read more: https://mecardo.com.au/south-american-herds-stampede-china/

05.01.2022 Talking all things Northern cattle on the latest episode of the Commodity Conversations podcast with Andrew Hosken. The incredible season has breathed new life into the northern cattle industry so we discuss how the turnaround is impacting producers, processors & feedlots, and the all-important herd rebuild. Take a listen online: https://bit.ly/2J18ojb... or on apple podcasts: https://apple.co/3ojm1u4 See more

05.01.2022 Australia could be the boost to world wheat supplies for a record export year! With harvest rolling in with few disruptions and good early yields, some forecasters have pushed up their production estimates. If Australian wheat production hits 31.5 million tonnes, it will add significant supply to world markets and could push world wheat export supplies to a new record.... Read the full analysis: https://mecardo.com.au/a-boost-to-aussie-wheat-a-boost-to-/

05.01.2022 Growing wool stockpiles in brokers stores presents a significant challenge for the wool industry. Kerry Lonergan discussed Mecardo's estimates of wool stockpiles on ABC Landline last weekend.

05.01.2022 One quick way to check on the wool market is to look at the pass-in rate. This week it was 2.7% nationally; the last time it was at this level was in August 2018, with a very different market in play. With a strong start to the week, by the end of selling on Wednesday the EMI had posted the largest weekly lift both in cents & percentage terms since September last year. https://mecardo.com.au/positive-news-all-round/

04.01.2022 VIC processor COVID-19 restrictions eased from 67% of capacity to a higher level of 80-90% This should enable enough slaughter capacity to handle the spring lamb rush without the backlog we feared. Full Analysis: https://mecardo.com.au/vic-covid-19-processor-restrictions/

04.01.2022 We recently spoke to the Leading Sheep network about the direction of sheep, lamb and wool markets. The recorded webinar is now available. Thanks again the Leading Sheep for inviting us to share our analysis.