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Prices & markets

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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

Latest prices & indicators

CattleSheep & lambGoats

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May 2013

M T W T F S S
18 29 30 1 2 3 4 5
19 6 7 8 9 10 11 12
20 13 14 15 16 17 18 19
21 20 21 22 23 24 25 26
22 27 28 29 30 31 1 2
23 3 4 5 6 7 8 9

Eastern young cattle indicator

Eastern states daily indicators
22 May 2013

Eastern states trade lamb indicator

Eastern states daily indicators
22 May 2013

Trade Lamb

417

▲ 5

Heavy Lamb

424

▲ 4

Mutton

188

▲ 7

2011

2012

2013

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Market reports

CattleSheep & lambGoats

Reports displayed within the following date range

Start date:

End date:

Clear selection

May 2013

M T W T F S S
18 29 30 1 2 3 4 5
19 6 7 8 9 10 11 12
20 13 14 15 16 17 18 19
21 20 21 22 23 24 25 26
22 27 28 29 30 31 1 2
23 3 4 5 6 7 8 9

Trends & analysis

The week in review 16/05/13

Patchy rainfall across several states was welcome over the past week, although totals were still too small to significantly bolster the recent faltering cattle market, with the rain having only a minor impact. With the window for pasture growth in southern Australia rapidly closing, producers will be very closely evaluating their carrying capacity over the winter months, with every dry week that passes by accentuating the supply pressures coming out of Queensland.
The Eastern Young Cattle Indicator (EYCI) closed Thursday’s markets on 282.5¢/kg cwt, back 3¢ from last week, while nationally, the medium cow indicator was also back, settling on 229¢/kg cwt, down 4¢, while the heavy steer indicator was down 1¢, closing on 307¢/kg cwt.
Furthermore, recent declines in the cheaper A$ are unlikely to have any immediate impact on markets, but should be seen as much needed positive news for the industry. This week saw the A$ fall below parity for the first time since mid-June last year, finishing Thursday at 98.8US¢.
Lamb and mutton markets this week finished generally weaker, despite tightening supplies and some decent falls in the Riverina and Victoria. The Eastern States Trade Lamb Indicator (ESTLI) closed the week on 389¢/kg cwt, up 11¢, while nationally, heavy lambs declined 5¢, to close on 418¢/kg cwt, and the mutton indicator finished firm, on 158¢/kg cwt.

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Overseas markets

Overseas market information

Marketing Australian red meat

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Market news

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Weather watch

Light showers across most states

(Week ending 16/05/13)

Welcome showers were experienced across most states this week, with light falls over much of NSW, Queensland, the NT and northern WA. Isolated regions of Victoria, Tasmania and south eastern SA received decent rain, from 25 to 50 mm, which assisted sheep markets. Parts of northern Queensland continued the very dry run.

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Grain prices

17 May 2013

	$/	tonne
Darling Downs	TW	LY
Wheat	300	212
Barley	310	203
Sorghum	292	178
Riverina	TW	LY
Wheat	267	180
Barley	265	175
Sorghum*	nq	175

*Includes freight (source: Profarmer)

Price risk management

Australian Cattle Trade Rules & Cattle Contract pro forma and the Cattle Contracts Guide

Prices & markets

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The week in review 16/05/13

Light showers across most states

(Week ending 16/05/13)

*Includes freight (source: Profarmer)