Prices & markets

MLA Market Information provides the latest prices, reporting, forecasts and analysis for Australian and international red meat markets. MLA members receive free or discounted market reports, accessed below, and can subscribe to the Meat & Livestock Weekly eNewsletter and other MLA market information publications
Market news
23/09/14  Tuesday daily cattle summary
19/09/14  Friday daily sheep summary
19/09/14  Friday daily cattle summary
18/09/14  Thursday daily cattle summary
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Eastern states trade lamb indicator
Eastern states daily indicators
23 Sep 2014
 Trade Lamb
477
▲ 5
 Heavy Lamb
467
▲ 2
 Mutton
323
– NC
 
2012
 
2013
 
2014


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Trends & analysis

The week in review 17/09/14  

  • The US Department of Agriculture releases forecasts for agricultural commodity production on a monthly basis in their World Agricultural Supply and Demand Estimates (WASDE), and the September edition has a major revision downward for 2015 beef production. In August, the forecast for 2015 was for a 1% decline on 2014, to 24.396 billion lbs cwt (11.065 million tonnes), but this has since been revised to a 3% drop to 23.711 billion lbs cwt (10.755 million tonnes), in addition to a lower 2014 production figure, from 24.632 billion lbs (11.172 million tonnes) to 24.392 billion lbs (11.064 million tonnes).
  • The slightly lower 2014 figure is a result of fewer cattle coming off feed than expected, while the big change in the 2015 forecast is a result of lower cattle placements so far in the second half of this year.
  • Cattle price forecasts for 2015 were left unchanged (steers to average from 149-162 US¢/lb lwt, or 328-357US¢/kg lwt), despite the expected large drop in cattle and beef availability. This was influenced by the expectation of lower prices for hogs and chickens next year, which are both expected to be available in much higher supplies than in 2014. These competing proteins are likely to be the biggest limiting factor on further potential beef price increases.
  • The report also indicated an expectation for higher beef imports in 2015 because of tight cull cow supplies and ongoing demand for processing grade beef at the consumer level. Beef imports are now forecast at 2.7 billion lbs cwt (1.225 million tonnes), relatively steady on the 2014 total, but 4% higher than the previous 2015 forecast.

  More red meat market trends and analysis

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Market news
23/09/14  Tuesday daily cattle summary
19/09/14  Friday daily sheep summary
19/09/14  Friday daily cattle summary
18/09/14  Thursday daily cattle summary
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Weather watch

web-weather-watch_19-06-14.jpg

   

 

Showers limited to the east coast

(Week ending 17/09/14)

Rainfall this week was mostly limited to the eastern states, with light showers spanning the NSW coastline. Isolated pockets in north-east NSW and Queensland received falls of up to 25mm, while Victoria had widespread rain across the majority of the state. It was a very wet week in Tasmania, with the western regions measuring falls of up to 50mm. SA and WA, on the other hand, remained mostly dry, with only some very light showers recorded on the coast.

 

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Grain prices

17 September 2014


$/

tonne

Darling Downs

TW

 LY

Wheat

315

325

Barley

300

300

Sorghum

295

295

Riverina

TW
LY

Wheat

259

264

Barley

243

245

Sorghum*

nq

nq

*Includes freight (source: Profarmer)
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