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
28/11/14  Friday daily cattle summary
27/11/14  Grown steer throughput down
27/11/14  Some rain for eastern states – more needed
27/11/14  SA weekly cattle summary
Latest prices & indicators


Reports displayed within the following date range
Start date:   
Open the calendar popup.
End date:   
Open the calendar popup.



_____________________________________________________________________________

National trade lamb indicator
National daily indicators
27 Nov 2014
 Trade Lamb
480
▲ 4
 Heavy Lamb
484
▲ 4
 Mutton
292
▲ 5
 
2012
 
2013
 
2014


Market reports


Reports displayed within the following date range
Start date:   
Open the calendar popup.
End date:   
Open the calendar popup.



 

Trends & analysis

The week in review 27/11/14  

  • The beef and lamb markets moved higher this week, largely in response to widespread showers, and a contraction in offerings, while processor and feeder demand remained relatively firm.
  • However, the most recent three month rainfall outlook issued by the Bureau of Meteorology (BOM) suggests a hot and dry summer ahead – indicating the high turnoff, likely to be met with limited restocking interest, will continue.
  • The Eastern Young Cattle Indicator (EYCI) edged higher, commencing the week on 328.75¢/kg cwt, and gains in excess of 20¢ for EYCI eligible cattle at CTLX, Gunnedah and Inverell assisted the indicator in closing on Thursday at 339.75¢/kg cwt.
  • Indicative eastern states feeder steer prices also edged higher this week, assisted by the strong demand from lotfeeders and for grainfed beef, with the indicator finishing Thursday up 5¢ week-on-week, at 192¢/kg lwt.
  • On the lamb front, despite the seasonal rise in saleyard numbers and slaughter, most indicators made ground this week, with the heavy lamb indicator up 19¢, finishing Thursday on 486¢/kg cwt.
  • Encouragingly, the international demand for the surging supplies has been underpinning the markets and is indeed likely to remain strong.

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
28/11/14  Friday daily cattle summary
27/11/14  Grown steer throughput down
27/11/14  Some rain for eastern states – more needed
27/11/14  SA weekly cattle summary
MLA on Twitter
Weather watch

web-weather-watch_19-06-14.jpg

   

 

Some rain for eastern states – more needed

(Week ending 27/11/14)

There was good rainfall registered across the country this week compared to previous weeks, particularly in some areas that have not recorded any precipitation for some time. Large areas though – notably northern NSW and southern Queensland – received very little rain, if any.

The NT saw the most rain this week, up to 50mm in the far north, and despite being relatively minimal rain for this time of year, key cattle producing regions in Queensland saw welcome showers between up to 15mm. Similar levels were registered southern and eastern NSW, while up to 25mm was recorded in eastern Victoria. Further west, rainfall from 5mm to 25mm was registered along the WA south-west coast and widespread further north.

 

Get the latest weather

Grain prices

27November 2014


$/

tonne

Darling Downs

TW

 LY

Wheat

nq

300

Barley

nq

282

Sorghum

nq

292

Riverina

TW
LY

Wheat

nq

260

Barley

nq

212

Sorghum*

nq

nq

*Includes freight (source: Profarmer)
|
|
|
|
|
|
|
|
|

© 2014 Meat & Livestock Australia Limited ABN 39 081 678 364