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
19/12/14  Friday daily cattle summary
18/12/14  SA weekly sheep summary
18/12/14  NSW weekly sheep summary
18/12/14  NSW weekly cattle summary
Latest prices & indicators


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National trade lamb indicator
National daily indicators
19 Dec 2014
 Trade Lamb
548
– NQ
 Heavy Lamb
554
– NQ
 Mutton
320
– NQ
 
2012
 
2013
 
2014


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Trends & analysis

2014 in review

  • By the time 2014 is over, a number of Australian red meat records will be reset, including beef production, lamb production, and respective exports – each to highs that are unlikely to be matched for many years to come.
  • Beef production was fuelled by the widespread drought across the heavily populated cattle regions, consequently inducing high slaughter rates – with the eastern states weekly kill regularly exceeding 170,000 head – significantly greater than the usual 130-140,000 head range.
  • Similarly, lamb production rose with the dry conditions spreading further south as the year progressed – the indicative eastern states kill nudging 400,000 head per week at times.
  • Offering considerable support for both beef and lamb prices was the hot and hungry global red meat market, with the US in particular demanding extremely high volumes of lean beef at record high prices.
  • Similarly, lamb exports also surged, with greater volumes to all markets. While the greater supply from Australia drove much of the increase, the progressive devaluation of the A$ also assisted trade. Despite the fact global prices have been high, movement through the supply chain has been somewhat constrained, given the congestion at many abattoirs.
  • However, during 2014 the Eastern Young Cattle Indicator (EYCI) averaged 335¢/kg cwt, finishing the year with a head of steam, with EYCI eligible cattle at Roma and Tamworth closing the year in excess of 400¢/kg cwt.
  • The Eastern States Trade Lamb Indicator (ESTLI) averaged 521¢/kg cwt for the year, up 23% year-on-year – staggering, considering how high slaughter was, and how weak restocker interest was at times.

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
19/12/14  Friday daily cattle summary
18/12/14  SA weekly sheep summary
18/12/14  NSW weekly sheep summary
18/12/14  NSW weekly cattle summary
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Weather watch

web-weather-watch_19-06-14.jpg

   

 

Widespread rain across Queensland

(Week ending 18/12/14)

Queensland welcomed substantial rainfall across many regions this week, with a large portion of central Queensland receiving up to 100mm, while isolated pockets measured up to 150mm. The NT and northern WA received decent falls of around 25-50mm.

Showers were mostly concentrated towards the coastline for NSW, while the eastern regions of Victoria had up to 25mm. The good rainfall assisted most markets to finish the year on an upward trajectory, with many hoping further falls are a Christmas gift, to sustain the recent gains.

 

Get the latest weather

Grain prices

18 December 2014


$/

tonne

Darling Downs

TW

 LY

Wheat

334

323

Barley

314

300

Sorghum

307

310

Riverina

TW
LY

Wheat

270

269

Barley

271

217

Sorghum*

nq

nq

*Includes freight (source: Profarmer)
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