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
31/10/14  Friday daily cattle summary
30/10/14  Minimal rainfall across the country
30/10/14  Cattle, sheep and goat slaughter up across eastern states
30/10/14  Australia on track to fill EU quota
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Eastern states trade lamb indicator
Eastern states daily indicators
31 Oct 2014
 Trade Lamb
457
▲ 1
 Heavy Lamb
457
▼ 2
 Mutton
291
▲ 3
 
2012
 
2013
 
2014


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Trends & analysis

The week in review 30/10/14  

  • The latest three-month weather outlook from the Bureau of Meteorology (BOM), for the November to January period, indicates a drier than average summer for most of eastern Australia.
  • Queensland has the least chance of exceeding median rainfall over the next three months, down to 20% in parts, while in NSW, the NT, most of Victoria and eastern SA, the chances range from 30-35%. For the remainder of the country, the likelihood of a wetter or drier season is fairly equal.
  • In the November monthly outlook, it is mainly northern Australia that is most likely to have drier than average conditions, particularly north-east WA, across the Top End, and through central Queensland.
  • In contrast, the outlook for southern Australia is more neutral, with the majority of the southern states having a 40-50% chance of exceeding median rainfall during the month.
  • Temperatures are forecast to be warmer than normal over the next three months, with the exception of the westernmost region of WA. Northern and eastern parts of the country, in particular, have the greatest chance of exceeding median temperatures.
  • Given the unfavourable seasonal outlook, livestock slaughter is likely to remain high through to the end of the year, while restocker interest will remain subdued. Each of these factors is expected to continue pressuring sheep and cattle prices.

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
31/10/14  Friday daily cattle summary
30/10/14  Minimal rainfall across the country
30/10/14  Cattle, sheep and goat slaughter up across eastern states
30/10/14  Australia on track to fill EU quota
MLA on Twitter
Weather watch

web-weather-watch_19-06-14.jpg

   

 

Minimal rainfall across the country

(Week ending 30/10/14)

There was very little rain for the majority of the country this week. Victoria and Tasmania were the only regions to register decent levels, with central and parts of eastern Victoria recording up to 50mm, while Tasmania received up to 100mm in places. In addition to the dry conditions, temperatures were very high this week, further pressuring producer feed and water availability.

 

Get the latest weather

Grain prices

30 October 2014


$/

tonne

Darling Downs

TW

 LY

Wheat

311

303

Barley

280

277

Sorghum

280

295

Riverina

TW
LY

Wheat

272

266

Barley

244

202

Sorghum*

nq

nq

*Includes freight (source: Profarmer)
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