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
23/01/15  Friday daily cattle summary
22/01/15  Over-the-hook cattle prices surge
22/01/15  Beef offal prices continue climb
22/01/15  Thursday daily cattle summary
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National trade lamb indicator
National daily indicators
23 Jan 2015
 Trade Lamb
543
▼ 4
 Heavy Lamb
555
▼ 1
 Mutton
344
– NC
 
2013
 
2014
 
2015


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Trends & analysis

Week ending 15/01/15 in review

  • The beef industry saw the records tumble in 2014, including beef export volumes, export values, live exports, turn-off and production, and now cattle prices have also notched up one of their own.
  • During the second week of markets for 2015, the Eastern Young Cattle Indicator (EYCI) shot up 66.25¢, to close markets at 442.25¢/kg cwt – exceeding the previous record set in December 2011 (428¢/kg cwt).
  • Not only has the young store cattle market begun 2015 on a positive note, but so too have the finished cattle indicators, as reported by MLA’s NLRS, with the eastern states heavy steer indicator up 42¢ from December last year, at 229¢. Similarly, indicative medium cow prices lifted 48¢ in the first week, to 196¢/kg cwt.
  • Assisting prices has been somewhat of an aligning of the stars, with good rainfall over the Christmas break sparking some restocker interest, while at the same time limiting supplies. This compliments the recent sliding A$, and continued robust global demand for Australian beef and veal.
  • The current lift in prices will have producers with cattle to sell, in two minds. Either offload now, and capitalise on the recent jump in anticipation of it being short lived, or alternatively, use the improved feed conditions to further finish stock, assuming prices will remain robust. This could cause some volatility over the coming weeks, especially as producers assess feed and water conditions, and the timeliness of follow-up rainfall.

More red meat market trends and analysis

MLA makes no representations and to the extent permitted by law excludes all warranties in relation to the information contained in this publication. MLA is not liable to you or to any third party for any losses, costs or expenses, including any direct, indirect, incidental, consequential, special or exemplary damages or lost profit, resulting from any use or misuse of the information contained in this publication.
Market news
23/01/15  Friday daily cattle summary
22/01/15  Over-the-hook cattle prices surge
22/01/15  Beef offal prices continue climb
22/01/15  Thursday daily cattle summary
MLA on Twitter
Weather watch

web-weather-watch_19-06-14.jpg

   

 

Rain continues to fall in the east

(Week ending 15/01/15)

There were good falls across eastern and central Australia again this week, with very heavy rain recorded in some south-eastern regions. Between 50-100mm was registered across the majority of NSW, Victoria and Tasmania. South Australia had some significant falls in the eastern half of the state, while the western corner was generally quite dry.

Queensland received light to moderate rain in the majority of cattle producing regions, mostly between 10-50mm, although the Cape York Peninsula received 200mm. The NT, currently in its wet season, also registered heavy monsoonal storms this week. In WA, however, conditions remained dry for the majority of the state, with rainfall restricted to the northern regions.

 

Get the latest weather

Grain prices

15 January 2015


$/

tonne

Darling Downs

TW

 LY

Wheat

325

335

Barley

313

335

Sorghum

300

335

Riverina

TW
LY

Wheat

nq

269

Barley

272

241

Sorghum*

nq

nq

*Includes freight (source: Profarmer)
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