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
29/08/14  Friday daily cattle summary
28/08/14  Cattle prices rise, despite significant increase in yardings in eastern states
28/08/14  Casino sees young cattle up 40¢
28/08/14  Farm cash incomes increase for slaughter lamb producers during 2013-14 – ABARES
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Eastern states trade lamb indicator
Eastern states daily indicators
01 Sep 2014
 Trade Lamb
449
▲ 2
 Heavy Lamb
445
▼ 4
 Mutton
326
▼ 4
 
2012
 
2013
 
2014


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Trends & analysis

The week in review 28/08/14  

  • Despite the old adage “it doesn’t rain feed”, isolated showers across some drought affected regions of the eastern states, along with reportedly strong buyer interest, continued to kick the cattle market along this week, with the Eastern Young Cattle Indicator (EYCI) finishing winter higher.
  • While the EYCI finished Thursday’s market at 357.25¢/kg cwt, up 5¢ from the previous week, it was up considerably (40¢) from the same week last year – with most National Livestock Reporting Service (NLRS) reported markets following a similar trend.
  • In fact, one of the weakest markets for young cattle over the past year, Casino, jumped 41¢ this week, continuing the reasonable increases of recent weeks, with EYCI eligible cattle averaging 365.26¢/kg cwt – up 63.4¢ on the same week last year.
  • EYCI cattle at Roma also increased significantly, despite an almost doubling in offerings, with the average for the close of winter at 363¢/kg cwt, up nearly 14¢ on the previous week and 58¢ at the same time last year.
  • Similarly, EYCI prices at scone gained 20¢ this week, averaging 373¢/kg cwt, while earlier in the week, Tamworth gained 10¢, averaging 372¢/kg cwt. Interestingly, across most of the northern NLRS reported markets, numbers were in fact higher, as many producers aimed to capitalise on the recent kick in prices, and despite the throughput rise, prices continued to climb.
  • One market where young cattle felt the pressure of the 36% increase in throughput was CTLX, where EYCI cattle eased 13¢, averaging 357¢/kg cwt. However, CTLX has consistently been one of the better performing markets all year, and despite the decline was still 12¢ higher year-on-year.
  • While the close of winter usually marks the start of the seasonal decline in cattle prices, the recent rain and very strong processor and feedlot buyer interest could see the spring slide much more subdued this year, especially once offerings contract if a decent feed base is formed for those that received late winter rain.

  More red meat market trends and analysis

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Market news
29/08/14  Friday daily cattle summary
28/08/14  Cattle prices rise, despite significant increase in yardings in eastern states
28/08/14  Casino sees young cattle up 40¢
28/08/14  Farm cash incomes increase for slaughter lamb producers during 2013-14 – ABARES
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Weather watch

web-weather-watch_19-06-14.jpg

   

 

Rainfall remains in the south

(Week ending 28/08/14)

The last week of winter saw rainfall concentrated along the south-eastern coastline and south-western corner of WA, while the northern half of the country remained dry. Substantial falls of up to 150mm were measured along the NSW coast and lighter showers spanned into the northern regions of the state. South-east Queensland received rain up to 50mm, with the heaviest falls registered on the coast. Victoria and Tasmania had widespread light showers, with some isolated pockets measuring 25mm, while rainfall was mainly limited to the south-western corner of WA.

 

Get the latest weather

Grain prices

28 August 2014


$/

tonne

Darling Downs

TW

 LY

Wheat

318

318

Barley

305

305

Sorghum

280

280

Riverina

TW
LY

Wheat

265

260

Barley

209

209

Sorghum*

nq

nq

*Includes freight (source: Profarmer)
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