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Prices & markets

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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
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Eastern states trade lamb indicator
Eastern states daily indicators
24 May 2013
 Trade Lamb
423
▲ 3
 Heavy Lamb
436
▲ 4
 Mutton
193
▲ 1
 
2011
 
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2013

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Trends & analysis

The week in review 16/05/13  

  • Patchy rainfall across several states was welcome over the past week, although totals were still too small to significantly bolster the recent faltering cattle market, with the rain having only a minor impact. With the window for pasture growth in southern Australia rapidly closing, producers will be very closely evaluating their carrying capacity over the winter months, with every dry week that passes by accentuating the supply pressures coming out of Queensland.
  • The Eastern Young Cattle Indicator (EYCI) closed Thursday’s markets on 282.5¢/kg cwt, back 3¢ from last week, while nationally, the medium cow indicator was also back, settling on 229¢/kg cwt, down 4¢, while the heavy steer indicator was down 1¢, closing on 307¢/kg cwt.
  • Furthermore, recent declines in the cheaper A$ are unlikely to have any immediate impact on markets, but should be seen as much needed positive news for the industry. This week saw the A$ fall below parity for the first time since mid-June last year, finishing Thursday at 98.8US¢.
  • Lamb and mutton markets this week finished generally weaker, despite tightening supplies and some decent falls in the Riverina and Victoria. The Eastern States Trade Lamb Indicator (ESTLI) closed the week on 389¢/kg cwt, up 11¢, while nationally, heavy lambs declined 5¢, to close on 418¢/kg cwt, and the mutton indicator finished firm, on 158¢/kg cwt.

  More red meat market trends and analysis

Overseas markets

Japan-grassfed-web-chart.bmp

90 CL cow price to US graph

Overseas market information

Marketing Australian red meat

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.
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Market news
23/05/13  US market failing to attract Aussie beef
23/05/13  Alternate beef markets ease tough conditions in Russia
23/05/13  Eastern states prices jump
23/05/13  Wet winter forecast for most of Australia
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Weather watch

Weather watch

   

 

Light showers across most states

(Week ending 16/05/13)  

Welcome showers were experienced across most states this week, with light falls over much of NSW, Queensland, the NT and northern WA. Isolated regions of Victoria, Tasmania and south eastern SA received decent rain, from 25 to 50 mm, which assisted sheep markets. Parts of northern Queensland continued the very dry run.

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Grain prices

17 May 2013

$/

tonne

Darling Downs

TW

 LY

Wheat

 300

212

Barley

310

203

Sorghum

292

178

Riverina

 TW
 LY

Wheat

267

180

Barley

265

175

Sorghum*

nq

175
*Includes freight (source: Profarmer)
Price risk management
Australian Cattle Trade Rules & Cattle Contract pro forma and the Cattle Contracts Guide
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