$205 for fat lambs in Ouyen last week, another record, and they were not as good as the last sale,
where the price was $185, so expect to pay more for the lamb chops/roast.

the japan situation.

salt water inundation over highly productive farmland..who knows the effect on the next crop.

japan has intensive and expensive livestock industries.

infrastructure and logistics of getting the feed to big numbers of shedded animals after the tidal wave--who knows.

power needed to keep temperature and airflow to intensive sheds.

one way of providing relief to the general population is to import cheap food to replace the expensive local food,until the production can resume...what happens when cheap food is omething people get used to?.

import of beef to japan looks likely. australia can do this. vegetables/rice probably sourced from asia.

milk 'dairy?. about the worlds least efficient dairy sector is japanese.will they rebuild it, or pay the dairy farmers to retire?.

pork poultry?. depends on how quick they can reboot the sheds. watch this space.

hay? not a lot of australian hay up to japanese standards this year. will this change?. [or will they just import cheap end product instead?]

From my broker:

Synopsis:
 Lower fresh food prices, heavy promotional
activity, and greater penetration of private
labels, are likely to see food deflation continue
within the supermarket retailers.

food prices have demand for real food for people to eat,and food derived financial gamble chips for funds to move money into and out of.

if things go down in one financial sector, then food financials will go down as well.

tropical weather spiralling into eastern australia this week.there will be some damage to the upcoming harvest, could be minimal,or .......the other thing.

would not for anything forward sell top quality grain this season. the crystal ball is murky,but as i type this,it is 30 degrees and big humidity near midnight in the vic cropping belt in early november. once tropical systems punch through from north west aussie alll the way over the dead heart to south east aussie the first time in a season, the next system has easier travelling------logical, the difference between a weather system travelling over green sand dunes from the last rain, and weather systems getting the energy ripped out of them from the normal dead heart is massive. getting billions of tonnes of water to float a mile in the air from derby to dimboola is a massive energy expenditure.floating over lakes is better going than absorbant salt flats. [not the evaporation of moisture from lake eyre, but the help it gives to the next travelling system that effects rainfall]

maryborough sugar gets takeover offer.

not a lot of aussie food connected stocks left now. day might come that the bemused fundies look around for food exposure,and it is all gone.