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
21/11/14  Friday daily cattle summary
20/11/14  Conditioned cattle demand premium
20/11/14  Korean wholesale prices remain high
20/11/14  NSW weekly sheep summary
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Eastern states trade lamb indicator
Eastern states daily indicators
21 Nov 2014
 Trade Lamb
467
– NC
 Heavy Lamb
466
– NC
 Mutton
296
▼ 2
 
2012
 
2013
 
2014


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Trends & analysis

The week in review 20/11/14  

  • Rainfall this week was mainly limited to the southern regions, which provided some support for the lamb markets, despite the seasonal influx in supplies.

  • Nationally, trade and heavy lambs increased the greatest, up 6¢ and 7¢ respectively from last week, each at 467¢/kg cwt – and up significantly from year-ago levels. 

  • The cattle market, however, continued to feel the pressure of the dry northern conditions, with most national indicators down again for the week, and continuing what has been a gradual seasonal decline in recent weeks.

  • At the close of Thursday’s markets, the trade steer indicator was 339¢/kg cwt, back 11¢/kg cwt, while heavy steers lost 10¢, to finish on 328¢/kg cwt.

  • In more positive news for the industry, the A$ softened 1¢ this week, to close Thursday at 86US¢ – further assisting trade, which, mid-way through November, beef exports are on track to again exceed 100,000 tonnes swt for the month, while lamb will approach 20,000 tonnes swt.

  • While the export environment is strong, the number of producers faced with deteriorating feed and water conditions is increasing, heightening the hope for a break in the drought affected north. Once significant seasonal rainfall does occur, supplies are anticipated to contract considerably, further supporting both beef and lamb prices – which, given current forecasts, may not happen until the New Year.

More red meat market trends and analysis

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Market news
21/11/14  Friday daily cattle summary
20/11/14  Conditioned cattle demand premium
20/11/14  Korean wholesale prices remain high
20/11/14  NSW weekly sheep summary
MLA on Twitter
Weather watch

web-weather-watch_19-06-14.jpg

   

 

Good rain limited to coastal areas

(Week ending 20/11/14)

There was some welcome relief in places across the country this week, as falls between 15mm and 25mm were registered in south WA, most of Victoria and into NSW, as well as the Queensland south-east coast (Australian Bureau of Meteorology).

However, key cattle producing regions throughout central Queensland and parts of NSW and the NT are yet to have any decent summer rain, with the poor feed and water conditions becoming increasingly challenging for producers.

 

Get the latest weather

Grain prices

20 November 2014


$/

tonne

Darling Downs

TW

 LY

Wheat

nq

296

Barley

nq

276

Sorghum

nq

295

Riverina

TW
LY

Wheat

nq

257

Barley

nq

207

Sorghum*

nq

nq

*Includes freight (source: Profarmer)
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