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
16/04/14  Potential co-product values improve in March
16/04/14  Cattle market alert
15/04/14  Australian retail turnover improves in February
14/04/14  Beef export values up in February
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Eastern states trade lamb indicator
Eastern states daily indicators
16 Apr 2014
 Trade Lamb
589
– NQ
 Heavy Lamb
611
– NQ
 Mutton
380
– NQ
 
2012
 
2013
 
2014


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Trends & analysis

The week in review 10/04/14  

  • While the past three weeks has seen the eastern states cattle market deliver one of its largest price rises in recent memory, underpinned by very welcome falls across several states, changes to other key market drivers have largely gone unnoticed in recent weeks. The EYCI finished Thursday at 348.5¢/kg cwt, while heavy steers reached 365¢/kg cwt, while the heavier end of the lamb market was above 580¢/kg cwt.
  • While it must be acknowledged that the 17% rise in the EYCI over the past few weeks was from an uncomfortably low level, it also clearly illustrates how dependent upon rain the Australian cattle market is.
  • However, while the recent rain has received the bulk of the headline, along with this week’s news of a Japan-Australia Free Trade Agreement, the A$ has steadily risen to a 2014 high, touching 94US¢ in recent days.
  • Additionally, the Bureau of Meteorology’s stated this week that there is now a greater than 70% chance of el Nino conditions forming in the second half of 2014 – normally correlated with below normal rainfall across large parts of southern and inland eastern Australia during the second half of the year.

 

  More red meat market trends and analysis

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Market news
16/04/14  Potential co-product values improve in March
16/04/14  Cattle market alert
15/04/14  Australian retail turnover improves in February
14/04/14  Beef export values up in February
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Weather watch

Weather watch

   

 

South bolstered by good rain

(Week ending 10/04/14)

Widespread falls were recorded right across the southern states this week, with NSW, Victoria and SA mostly receiving up to 50mm, and more in places. Significant rain was also seen in the NT and far north WA, with falls in the WA’s southern agricultural districts light to moderate. Queensland, on the other hand, received little rain this week, with only patchy showers of 5-10mm in the south.

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Grain prices

10 April 2014


$/

tonne

Darling Downs

TW

 LY

Wheat

375

270

Barley

350

272

Sorghum

330

255

Riverina

TW
LY

Wheat

290

237

Barley

258

223

Sorghum*

nq

nq

*Includes freight (source: Profarmer)
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