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
24/07/14  Imported beef still getting dearer in the US
22/07/14  Heifers lag 33¢ behind steers – how much can they move?
22/07/14  Potential co-product values ease in June
22/07/14  Tuesday daily cattle summary
Latest prices & indicators


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Eastern states trade lamb indicator
Eastern states daily indicators
24 Jul 2014
 Trade Lamb
541
▼ 8
 Heavy Lamb
549
▼ 11
 Mutton
355
▼ 3
 
2012
 
2013
 
2014


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Trends & analysis

The week in review 17/07/14  

  • Meat & Livestock Australia’s 2014 cattle industry projections mid-year update points to a more positive outlook for Australian cattle producers, underpinned by a looming shortage of cattle and robust global demand for beef.
  • MLA Manager for Market Information and Analysis Tim McRae, said by June 2015 the Australian cattle herd was forecast to have fallen to 26.1 million head – the lowest level in almost two decades.
  • “This is the impact of expansive and severe drought through the key cattle producing regions of Queensland and NSW. In turn, the national cattle slaughter has continued at rarely seen levels for over 18 months, and will significantly reduce the amount of cattle available for processing or exporting in coming years,” Mr McRae said.
  • “The sustained high adult cattle slaughter levels of the past 24 months, combined with near record live cattle shipments, have eroded the production capacity of the Australian herd heading into the second half of 2014. But with the inevitable tightening of supply, prices for Australian cattle are forecast to increase into next year, bringing them back in line with global cattle and beef prices.
  • “The limiting factor in a price turnaround for the Australian market will be seasonal conditions for the remainder of 2014 and the northern 2014-15 wet season – which will be key to watch,” he said.

 

  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
24/07/14  Imported beef still getting dearer in the US
22/07/14  Heifers lag 33¢ behind steers – how much can they move?
22/07/14  Potential co-product values ease in June
22/07/14  Tuesday daily cattle summary
MLA on Twitter
Weather watch

web-weather-watch_19-06-14.jpg

   

 

Solid winter rainfall

(Week ending 17/07/14)

Rainfall in the south east was widespread this week, with the majority of NSW, Victoria and SA receiving falls. Victoria recorded up to 50mm in places, and this, coupled with very cold temperatures, saw cattle and sheep supplies tighten across the majority of physical markets. The Central West of NSW received good showers, above 25mm in some areas, however the majority of Queensland remained dry.

In the west, the Kimberly registered solid rainfall in the 10-50mm range, with the Wheatbelt and Great Southern regions also experiencing showers.

 

Get the latest weather

Grain prices

17 July 2014


$/

tonne

Darling Downs

TW

 LY

Wheat

325

315

Barley

313

315

Sorghum

282

295

Riverina

TW
LY

Wheat

247

283

Barley

235

258

Sorghum*

nq

nq

*Includes freight (source: Profarmer)
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