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
29/07/14  Tuesday daily cattle summary
25/07/14  Friday daily cattle summary
24/07/14  Imported beef still getting dearer in the US
22/07/14  Heifers lag 33¢ behind steers – how much can they move?
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Eastern states trade lamb indicator
Eastern states daily indicators
29 Jul 2014
 Trade Lamb
497
▼ 20
 Heavy Lamb
513
▼ 11
 Mutton
343
– NC
 
2012
 
2013
 
2014


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Trends & analysis

The week in review 24/07/14  

  • Yearling steer and heifer prices traditionally track each other fairly closely, experiencing the same restocker and rain enhanced peaks, and consequently, the same drought induced troughs. Interestingly, however, is that while steers and heifers follow the same trend, similar conditioned steers are always at premium to heifers, yet by how much varies considerably each season.
  • During the start of the big herd rebuilding phase in 2010, the average premium for Eastern Young Cattle Indicator (EYCI) eligible yearling steers was 14.5¢/kg cwt, which includes dipping to as low as 7¢ in December 2010. Moving into 2011, where herd rebuilding became a very strong focus for producers across the majority of the country, yearling heifer prices averaged just 12¢ behind the equivalent steer category, as the momentum at the end of 2010 carried through to 2011.
  • However, as the dry conditions kicked in during 2012 for many regions across the eastern states, and in particular, the key cattle supply regions, the average heifer price for the year drifted to an 18¢/kg cwt discount to steers. The difference peaked at 24¢ in December, when steers finished 2012 at 335¢/kg cwt, while heifers were 311¢/kg cwt.
  • The drought maintained its force for the duration of 2013, limiting the capacity for many producers to retain future breeding stock, and EYCI eligible heifers during the year ranged from a 20¢ to 35¢ discount to steers. Heifers during December 2013 averaged 295¢/kg cwt, while steers were 330¢/kg cwt.

 

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Market news
29/07/14  Tuesday daily cattle summary
25/07/14  Friday daily cattle summary
24/07/14  Imported beef still getting dearer in the US
22/07/14  Heifers lag 33¢ behind steers – how much can they move?
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Weather watch

web-weather-watch_19-06-14.jpg

   

 

Cold and wet in the south

(Week ending 24/07/14)

Victoria and Tasmania both registered a very cold week, with several frosts occurring and rainfall between 10–25mm. The south east of NSW generally received light falls of around 5mm, while showers in the southern half of SA ranged from 5–15mm. Queensland and the NT registered almost no rain at all this week. WA experienced solid rainfall, particularly in the cattle rearing regions of the southwest, while parts of the Pilbara and Mid West received up to 50mm.

 

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Grain prices

24 July 2014


$/

tonne

Darling Downs

TW

 LY

Wheat

nq

310

Barley

nq

315

Sorghum

nq

285

Riverina

TW
LY

Wheat

nq

277

Barley

nq

255

Sorghum*

nq

nq

*Includes freight (source: Profarmer)
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