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
27/03/15  Friday daily cattle summary
26/03/15  NSW weaner prices – how do they compare?
26/03/15  North-south finished cattle price gap closes
26/03/15  Thursday daily cattle summary
Latest prices & indicators


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National trade lamb indicator
National daily indicators
27 Mar 2015
 Trade Lamb
527
▲ 2
 Heavy Lamb
528
▼ 1
 Mutton
338
▼ 1
 
2013
 
2014
 
2015


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Trends & analysis

Cattle prices: are they the highest they have ever been?

week ending 26 March 2015

The recent peak in the Eastern Young Cattle Indicator, at 451.25¢/kg cwt on 3 February 2015, poses the question: are farm gate prices the highest they have ever been? The short answer is “yes” in nominal terms, but “no” in real terms.

Producers, with a long enough memory, often comment that the prices they received in the 1970s were much better than what they receive at present – and that is in fact the case, when taking into account the effects of inflation. Even though yearling prices have begun 2015 on a strong note, averaging between 400¢ and 450¢/kg cwt, they are not high enough in real terms to match the peaks during the 1970s.

That said, the low points of 2013, due to widespread drought conditions causing a huge influx of cattle onto the market, did not dip as low as the troughs of the 1970s, following the global beef crash. Additionally, through increased investment in trade and consumer marketing globally, volatility in cattle prices has decreased markedly in recent years, greatly reducing the price risk of being a participant in the industry.

A recent report gives a brief history of cattle prices from 1970 to the present and outlines the key factors that influenced the industry over that time.

For the full report, please click here.

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
27/03/15  Friday daily cattle summary
26/03/15  NSW weaner prices – how do they compare?
26/03/15  North-south finished cattle price gap closes
26/03/15  Thursday daily cattle summary
MLA on Twitter
Weather watch

web-weather-watch_26-02-15.jpg 

 

Storms in the east

26 March 2015

Queensland registered rainfall this week, with a band of storms stretching from the Gulf to the south-east corner of the state. The majority of these falls were only light, however some eastern areas received up to 50mm.

Top End experienced falls generally in the range of 25-100mm, while the interior remained reasonably dry, as did the majority of SA.

Rainfall in WA, NSW and Vic was restricted to the coast, where falls of up to 25mm were measured, with only light, scattered showers reaching further inland. Tasmania mostly received falls from 25-50mm.

Get the latest weather

Grain prices

26 March 2015


$/

 tonne

Darling Downs

TW

 LY

Wheat

nq

370

Barley

nq

356

Sorghum

nq

325

Riverina

TW
LY

Wheat

nq

297

Barley

nq

265

Sorghum*

nq

nq

*Includes freight (source: Profarmer)
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