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
01/08/14  Friday daily cattle summary
31/07/14  Another month, another record amount of beef exported
31/07/14  Thursday daily cattle summary
31/07/14  Are we nearing the top of the beef market in the US?
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Eastern states trade lamb indicator
Eastern states daily indicators
01 Aug 2014
 Trade Lamb
483
▼ 1
 Heavy Lamb
498
▼ 2
 Mutton
329
▼ 2
 
2012
 
2013
 
2014


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Trends & analysis

The week in review 31/07/14  

  • The record for monthly beef exports will be set higher again in July, with exports for the month likely to surpass 115,000 tonnes swt – exceeding the previous record of 108,126 tonnes swt registered in May. While July will see a new record set, the fundamentals behind the figures are old news, with drought induced turnoff through the key cattle regions of northern NSW and Queensland underpinned by consistently high cattle slaughter and beef production levels.
  • Final July results should be available early next week, however, Department of Agriculture (DA) figures as at June 28 stand at 106,773 tonnes swt – or an astonishing 3,800 tonnes swt per day.
  • Lured by all-time high returns for imported manufacturing beef in the US, Australian shipments to the US are estimated to finish the month close to 35,000 tonnes swt – which would be the highest monthly volume since June 2005.
  • Back at the farm gate, and the high export volumes combined with strong prices can arguably be seen in cattle prices, according to most NLRS reported indicator categories. For the month of July, trade steers (330-400kg C3) averaged 365¢/kg cwt nationally, up 5% year-on-year and 1% on the five-year average, while heavy steers (500-600kg C4) were 359¢/kg cwt, up 10% on July 2013 and 9% on the five-year comparison.
  • The export momentum from high slaughter levels is likely to continue over the coming months, before a forecast contraction in the final quarter – provided there is an improvement in northern pasture and water conditions.

 

  More red meat market trends and analysis

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Market news
01/08/14  Friday daily cattle summary
31/07/14  Another month, another record amount of beef exported
31/07/14  Thursday daily cattle summary
31/07/14  Are we nearing the top of the beef market in the US?
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Weather watch

web-weather-watch_19-06-14.jpg

   

 

Mostly dry week

(Week ending 31/07/14)

Rainfall was limited this week to the coastal regions, with the majority of showers that occurred across the eastern states being fairly light (1-5mm). Only southern Victoria and the north-eastern corner of NSW had heavier falls, ranging from 10-25mm, although Tasmania registered up to 150mm in places. In WA, the Great Southern and Wheatbelt regions received some light to moderate falls, while the remainder of the state was dry.

 

Get the latest weather

Grain prices

31 July 2014


$/

tonne

Darling Downs

TW

 LY

Wheat

313

310

Barley

297

305

Sorghum

280

293

Riverina

TW
LY

Wheat

245

280

Barley

205

258

Sorghum*

nq

nq

*Includes freight (source: Profarmer)
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