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
04/03/15  Cattle market alert
03/03/15  Tuesday daily cattle summary
26/02/15  Indonesian modern retail sector continues to present opportunities
26/02/15  Feeder market still fervent
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National trade lamb indicator
National daily indicators
04 Mar 2015
 Trade Lamb
537
▼ 1
 Heavy Lamb
538
▼ 2
 Mutton
372
– NC
 
2013
 
2014
 
2015


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Trends & analysis

Week in review 26/02/2105 

  • Lamb markets managed to regain most of last week’s price falls despite a 4% rise in eastern states weekly lamb yardings, to 144,826 head, reported by MLA’s National Livestock Reporting Service.
  • Victoria was the only eastern state to register a drop in yardings. Eastern states lamb supply, however, remains 21% lower year-on-year, which is not surprising considering the extremes in seasonal conditions compared to this time last year.
  • In the face of tighter saleyard numbers, slaughter has still been sustained at high levels. Processor purchases at NSW and Victorian saleyards this week were 52,526 head and 32,968 head, respectively, both around a 30% drop from the corresponding week in 2014 (75,543 head in NSW and 47,651 in Victoria).
  • When prices edged lower last week, both states also registered a fall in processor purchases, down to 49,981 head in NSW and 31,537 in Victoria. Further reinforcing this, over-the-hook rates dropped last week in line with the ‘cooling off’ of lamb prices in the sale yards. They were generally unchanged this week, suggesting that processor demand should remain steady.
  • The eastern states restocker lamb indicator has been tracking well above any other indicator since early February. Producers this year have been prepared to pay more for lambs for restocking, especially with forward contract prices remaining favorable. The lower A$ and the strength of the export lamb market is also adding to confidence. The dip in prices a few weeks ago was a key factor allowing restockers to enter the market.
  • At the conclusion of Thursday’s markets the eastern states restocker lamb indicator was 13¢ higher on 572¢/kg cwt, attributed to strong prices in Victoria, as Bendigo topped the averages at 649¢/kg cwt. Merino lamb supplies remained similar week-on-week as the indicator gained 34¢ to 492¢, while light lambs gained 32¢ to 530¢/kg cwt. The Eastern states Trade Lamb Indicator (ESTLI) lifted 9¢ to 538¢, while heavy lambs increased 12¢ to 542¢/kg cwt, with both indicators not too dissimilar to this time last year.
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
04/03/15  Cattle market alert
03/03/15  Tuesday daily cattle summary
26/02/15  Indonesian modern retail sector continues to present opportunities
26/02/15  Feeder market still fervent
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Weather watch

web-weather-watch_26-02-15.jpg 

 

Cyclonic activity brings heavy rain to the north

26 February 2015

Rainfall was widespread across the northern and eastern regions of the country this week, with northern WA also receiving decent falls. SA was an exception, with the majority of the state remaining dry. Cyclone Marcia brought heavy falls measuring up to 300mm along the northern NSW and southern Queensland coastline, while large regions across northern Australia received up to 50mm of rain, with more in some places. Showers throughout the southern half of WA were patchier, with isolated pockets recording 10-15mm.

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Grain prices

26 February 2015


$/

 tonne

Darling Downs

TW

 LY

Wheat

308

350

Barley

300

340

Sorghum

284

335

Riverina

TW
LY

Wheat

281

265

Barley

270

248

Sorghum*

nq

nq

*Includes freight (source: Profarmer)
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