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
28/04/15  Tuesday daily sheep summary
  Tuesday daily cattle summary
24/04/15  Friday daily cattle summary
23/04/15  Wet week in the south-east
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National trade lamb indicator
National daily indicators
27 Apr 2015
 Trade Lamb
560
▲ 6
 Heavy Lamb
562
▲ 2
 Mutton
399
▲ 1
 
2013
 
2014
 
2015


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Trends & analysis

Sheep industry projections - April update

  • According to MLA’s April sheep industry projections, after a drier than expected first quarter, Australian lamb slaughter for 2015 has been revised higher, to 21.4 million head – which is still 850,000 head lower than the 2014 total. Tighter supplies are likely to become more prevalent once seasonal conditions improve.
  • However, the 2015 sheep slaughter forecast (7.5 million head) remains in line with the initial prediction, at 26% lower than year-ago levels, with signs of shortening supplies already evident.
  • Importantly, with a pronounced slowdown in sheep slaughter, and continued high lamb slaughter, the national flock forecast for 30 June 2015 has been revised to 69.8 million head (down a further 1.8 million or 3% on 2014) – falling below the 70 million mark for only the second time in over a century.
  • Underpinned by higher lamb slaughter, Australian exports for the first quarter were up 6% year-on-year, with the US (12,302 tonnes swt), China (8,714 tonnes swt) and the Middle East (16,037 tonnes swt) the largest markets, while shipments to the EU were 3,031 tonnes swt. However, by the end of the year, exports are forecast to be 220,000 tonnes swt, back 7% year-on-year, as a result of lower slaughter.
  • Australian lamb price potential could be capped over the coming months, largely due to the slow moving product in China, the US, and Australia. However, the pressure is likely to only be short lived, until stores reduce.
  • Please click here to read the full report.

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
28/04/15  Tuesday daily sheep summary
  Tuesday daily cattle summary
24/04/15  Friday daily cattle summary
23/04/15  Wet week in the south-east
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Weather watch

web-weather-watch_26-02-15.jpg 

 

Wet week in the south-east

23 April 2015

The south-east of Australia received solid falls over the week, with NSW’s central coast receiving falls above 200mm amidst the wild weather. Falls extended inland, with much of NSW receiving 15-50mm over the seven days, particularly in the south of the state. Similar falls were recorded in eastern Victoria, with isolated areas receiving up to 150mm.

Most of SA received 10-50mm, with areas in the south-east receiving up to 100mm. South-east Queensland received moderate falls, mostly between 5-15mm, while the northern coast of WA recorded 15-100mm, with some areas receiving up to 150mm.

Get the latest weather

Grain prices

23 April 2015


$/

 tonne

Darling Downs

TW

 LY

Wheat

320

366

Barley

315

347

Sorghum

294

330

Riverina

TW
LY

Wheat

277

292

Barley

272

255

Sorghum*

nq

nq

*Includes freight (source: Profarmer)
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