Nov 16, 2018
Mad Cow disease identified on Scottish Farm
A number of cattle on an Aberdeenshire farm will be destroyed after a case of mad cow disease was identified, the first in Britain since 2015.A movement ban has been put on the estate in Huntley, 40 miles from Aberdeen, to prevent…
Nov 16, 2018
Argentina’s wheat exports are set to double over the next decade
Argentina’s wheat exports are set to double over the next decade, potentially challenging Australia’s competitiveness in key markets, according to a new report from the Australian Export Grains Innovation Centre (AEGIC).AEGIC Chief…
Nov 16, 2018
Mecardo Analysis - Harvest pressure despite minimal receivals
By Angus Brown | Source: Graincorp, ASX, CME. With harvest underway yields are coming in near expected levels. Looking at receivals gives us a bit of an idea where grain is being stored, and where the top ups are coming from. ASX…
Nov 16, 2018
Mecardo Analysis - Weekly Wool Forwards for week ending 16 November 2018
By Matt Dalgleish | Source: Rieman. The wool auction market managed to steady this week and the added confidence this brought saw some trades take place in the forward market out until December 2019.Trades were limited to the 21 and…
Nov 16, 2018
Mecardo Analysis - Lamb finds a base to bounce off
By Angus Brown | Source: MLA, NLRS. The lamb market seems to have found a level it was happy with this week. With supply disruptions due to the Melbourne Cup, it’s hard to get a gauge on supply, but it appears we might have seen the…
Nov 16, 2018
Wool EMI find stability
By Mark Dyson - Quality WoolIt was a roller coaster ride on the wool market this week, as the Eastern Market Indicator finally found stability after the previous four weeks of downturn.By week’s end the EMI had increased to 1781 cents…
Nov 16, 2018
Mecardo Analysis - Wool market gets a toehold
By Olivia Agar | Source: AWEX, Mecardo. Despite this week’s offering being the largest we have seen in a long time, the market managed to find a point to stabilise from the incessant falls. Sydney saw support for the broader microns,…
Nov 16, 2018
Mecardo Analysis - Prospect of rain brings mixed fortunes
By Matt Dalgleish | Source: MLA, NLRS, BOM, Mecardo. Cattle price movements across eastern states sale yards are a little mixed this week as throughput levels return to seasonal norms and the Bureau of Meteorology (BOM) release their…
Nov 15, 2018
More bleeding as the Wool market continues to drop
Karee Wool market report Southern Division. November 15thSMI: 1758 +1318: 2248 +4019: 2100 +1220: 2071 +2321: 2058 +422: 2085 +323: 2021 +528: 765 +11MC: 1114 +21Pass in rate: 10.3%www.kareewool.com.auAd - Pepperton Poll Dorset &…
Nov 15, 2018
Mecardo Analysis - Improving sorghum prospects seeing a flat curve
By Angus Brown | Source: ASX. Those following feed grain markets closely will have seen the interesting flat curve for ASX Grain Futures. The most expensive ASX Wheat contract is January, and prices are the same, or lower for subsequent…
Nov 15, 2018
Mecardo Analysis - Fine merino wool price structure – what’s going on?
By Andrew Woods | Source: AWEX, ICS. As fine wool prices have fallen in recent months, comments have been made about better style fine wool with attributes such as being non-mulesed holding their value. This leads to the hope that…
Nov 15, 2018
Mecardo Analysis - Wagyu – The phantom premium menace
By Matt Dalgleish | Source: MLA, AuctionsPlus, Mecardo. At the start of 2018 Mecardo published a piece on the Wagyu F1 steer premiums to the Eastern Young Cattle Indicator (EYCI). Anecdotal reports suggested that the flood of Wagyu…
Nov 15, 2018
Mecardo Analysis - Offshore mutton demand underpins prices despite high supply
By Matt Dalgleish | Source: DAWR, MLA, NLRS, Mecardo. The Department of Agriculture and Water Resources (DAWR) mutton trade figures were released recently for October and showed that offshore consignments continue to run at levels…
Nov 15, 2018
Mecardo Analysis - Regional Rainfall Update - October 2018
By Matt Dalgleish | Source: BOM, MecardoMecardo have created a series of regional rainfall charts across the nation in order to compare the current seasonal rainfall on a monthly basis to the long term average levels and the normal/extreme…
Nov 15, 2018
GrainCorp's profit down 44 percent
Summary:› Underlying EBITDA1 $269 million (FY17: $390 million)› Underlying NPAT2 $71 million (FY17: $142 million)› Statutory NPAT3 $71 million (FY17: $125 million)› Fully franked final dividend of 8 cents per share (cps); total FY18…
Nov 14, 2018
NSW DPI State Seasonal update - Dry continues in many areas
The NSW Department of Primary Industries (DPI) State Seasonal Update for October shows the majority of NSW is still in drought despite average to above average rainfall being received over the past month.DPI’s Leader of Climate Applications…
Nov 14, 2018
Pastoral Innovation – The Wirrealpa Story
By John Fargher - AgriwebbPublic perception still believes that time somehow stopped for the everyday farmer and left us lagging behind, needing to catch-up. If growing up on Wirrealpa Station in South Australia has taught me one…
Nov 14, 2018
Impact of the Royal Commission on Lending to Agriculture
The final report from the Royal Commission is due out in February 2019. The full impact (or fallout) will filter through sometime after this, as the banks fully digest the ramifications of the final report.My view is that if your…
Nov 14, 2018
Further downward trend with Wool price yesterday
Karee Wool market report South. November 14thSMI: 1745 -918: 2208 +119: 2088 -1920: 2048 -821: 2054 -1022: 2082 -1823: 2016 -3028: 754 +3MC: 1093 +48Pass in rate: 9.3%www.kareewool.com.auAd - We Cut, Rake and Bale - Serving the Wimmera,…
Nov 14, 2018
World Grains update
By Peter McMeekin - Consulting to the agricultural commodity sector in AustraliaOutside of the US midterm elections, two events stole the spotlight in global grains markets over the past week. Firstly, the results of the most recent…
