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
24/10/14  Friday daily cattle summary
23/10/14  NLRS expands north into Queensland
23/10/14  El Niño outlook neutral – BOM
23/10/14  Thursday daily cattle summary
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Eastern states trade lamb indicator
Eastern states daily indicators
24 Oct 2014
 Trade Lamb
455
▼ 3
 Heavy Lamb
452
▼ 2
 Mutton
274
▼ 5
 
2012
 
2013
 
2014


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Trends & analysis

The week in review 23/10/14  

  • Weather conditions remain dry across much of western Queensland, with only light, isolated rainfall received so far this spring. Currently, 70% of Queensland is drought declared. Cattle throughput numbers have been reasonably high at the major selling centres – Dalby and Roma.
  • The higher store cattle prices achieved over the past two months have given many livestock producers the option to sell cattle at a more profitable price. This has maintained some optimism amongst producers, especially with cull cows topping at 175¢/kg for 3 score medium weight cows and 185¢/kg or higher for 4 score heavy weight cows at Roma over the past fortnight.
  • Solid prime cattle prices (bullocks reached 209¢/kg at Roma and 214¢/kg at Dalby) have filtered through to higher feeder steer and heifer prices. The average heavy weight yearling steer price to feed hit 226¢/kg and averaged 206¢/kg at Roma, and Dalby reported regular feeder buyers were in attendance and operating selectively, with top-end quality lines maintaining strong enquiry. Medium and heavy weight feeder heifers sold to 192¢/kg and averaged 181¢/kg in Queensland this week. All major southern Queensland feedlot buyers have been operating at Roma and Dalby saleyards since the start of spring.
  • However, at Dalby this week, the bullish market appeared to falter, with export processor demand declining. Cows experienced the largest falls during the sale, losing 20¢ to 30¢/kg on average.
  • At present, many livestock producers are focused on drought planning and preparation for the coming summer season, with the highest chances of rainfall during the December to February period.

More red meat market trends and analysis

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Market news
24/10/14  Friday daily cattle summary
23/10/14  NLRS expands north into Queensland
23/10/14  El Niño outlook neutral – BOM
23/10/14  Thursday daily cattle summary
MLA on Twitter
Weather watch

web-weather-watch_19-06-14.jpg

   

 

Storms in the west

(Week ending 23/10/14)

South-east WA received significant rainfall this week, with heavy storms experienced across the Wheatbelt over the weekend. Falls generally ranged from 15-100mm, with harvest activity disrupted as a result. The eastern states, on the other hand, received very little rainfall, with only very light (1-5mm) showers scattered along the NSW and Victorian coastlines, while South Australia remained hot and dry. Tasmania registered some moderate falls of up to 25mm in places.

 

Get the latest weather

Grain prices

23 October 2014


$/

tonne

Darling Downs

TW

 LY

Wheat

292

298

Barley

280

275

Sorghum

277

275

Riverina

TW
LY

Wheat

264

258

Barley

243

210

Sorghum*

nq

nq

*Includes freight (source: Profarmer)
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