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
05/03/15  February exports beefed up
05/03/15  Thursday daily cattle summary
04/03/15  Cattle market alert
03/03/15  Tuesday daily cattle summary
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National trade lamb indicator
National daily indicators
06 Mar 2015
 Trade Lamb
533
▼ 1
 Heavy Lamb
529
▼ 4
 Mutton
366
– NC
 
2013
 
2014
 
2015


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Trends & analysis

Week in review 5/03/2105 

  • Australian cattle prices had an extraordinary year in 2011, with the Eastern Young Cattle Indicator (EYCI) averaging 396.52¢/kg cwt, which was the highest calendar year average on record. Interestingly, the only significant opposition to prices then was the high A$, while all other factors were very much in the producers favour.
  • In fact, the number of cattle included in the EYCI for the year-to-date in 2011 was 18% lower than this year and the number of cattle killed across the eastern states for the year-to-date was also 18% lower – each working in the producers favour. In addition, and ultimately underpinning the lower saleyard and slaughter offerings, rainfall across most of the country was ‘very much above average’ for the summer, as opposed to ‘below average’ this year.
  • During 2015 however, the supply forces have been against producers, with high offerings evident of what have been prolonged dry conditions. The main factor supporting prices has been the strong international demand, assisted by a significantly weaker A$ in comparison to 2011, which for the year-to-date has averaged 21% lower.
  • Pulling all this together, 2011 highlights how far cattle prices can go and be sustained when there are tight supplies, even if the A$ is at high levels, while in contrast, 2015 indicates the influence a strong international market can have, despite historically high slaughter and limited restocking interest.
  • Looking forward, provided the international trade environment remains strong over the coming months, the potential for cattle prices is significant, especially if supplies contract back towards 2011 levels.
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
05/03/15  February exports beefed up
05/03/15  Thursday daily cattle summary
04/03/15  Cattle market alert
03/03/15  Tuesday daily cattle summary
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Weather watch

web-weather-watch_26-02-15.jpg 

 

Severe storms in the west

5 March 2015

  • WA received significant falls over the past week, with thunderstorm activity at the weekend bringing up to 150mm of rain to parts of the Gascoyne, Pilbara, Goldfields and Mid-West. The southern parts of the state received between 5-50mm, while the northern Kimberly region registered falls of up 50-100mm, as did the Top End of the NT.
  • Northern Queensland received some good rain, while the south-east of the state was more moderate, and western parts remained very dry. Inland NSW and much of SA received almost no rainfall, while Victoria recorded light showers in the range of 5-10mm.

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Grain prices

5 March 2015


$/

 tonne

Darling Downs

TW

 LY

Wheat

nq

355

Barley

nq

340

Sorghum

nq

331

Riverina

TW
LY

Wheat

nq

281

Barley

nq

250

Sorghum*

nq

nq

*Includes freight (source: Profarmer)
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