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
16/04/14  Potential co-product values improve in March
16/04/14  Cattle market alert
15/04/14  Australian retail turnover improves in February
14/04/14  Beef export values up in February
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Eastern states trade lamb indicator
Eastern states daily indicators
24 Apr 2014
 Trade Lamb
596
▲ 3
 Heavy Lamb
612
▲ 5
 Mutton
394
▲ 6
 
2012
 
2013
 
2014


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Trends & analysis

The week in review 17/04/14  

  • Cattle, lamb and mutton markets enter the 2014 Easter and ANZAC day hiatus at some of the highest prices seen for a long time, the result of well received rain through the southern states throughout autumn, combined with late March falls through Queensland.
  • Compared to where prices entered the Christmas break, the cattle market has improved 11-20%, while the average national medium cow price has jumped 41% since its recent low point in late January. The EYCI finished Wednesday at 354.75¢/kg cwt – the highest daily price since early October 2012.
  • The lamb market continues to track at higher levels, with trade lambs this week averaging 10¢ higher, at 574¢/kg cwt, while heavy lambs jumped 16¢, to average 604¢/kg cwt. Compared to the corresponding week last year, trade and heavy lamb prices are 49% higher, while the mutton price has kicked 132% year-on-year, to average 346¢/kg cwt this week.
  • Given the disruptions to normal trading patterns over the next two weeks, along with the recent rain, the market will have to wait until first week of May for a clearer picture to return. Most expectations are for supplies to remain on a tightening path, with the traditional spike in May turnoff (in preparations for winter) unlikely to occur in 2014 – given the massive turnoff in the previous months.

 

  More red meat market trends and analysis

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Market news
16/04/14  Potential co-product values improve in March
16/04/14  Cattle market alert
15/04/14  Australian retail turnover improves in February
14/04/14  Beef export values up in February
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Weather watch

Weather watch

   

 

Widespread rainfall in the east

(Week ending 16/04/14)

The majority of the eastern states recorded significant rainfall this week, with large areas of SA, Victoria and NSW recording up to 100mm. In Queensland, heavy falls from Cyclone Ita early in the week caused flooding in some coastal areas, especially in the Cape, with falls of up to 400mm. Despite some falls across the Top End, WA remained dry for another week.

Get the latest weather

Grain prices

17 April 2014


$/

tonne

Darling Downs

TW

 LY

Wheat

369

273

Barley

352

275

Sorghum

330

255

Riverina

TW
LY

Wheat

291

252

Barley

257

224

Sorghum*

nq

nq

*Includes freight (source: Profarmer)
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