Summary of key issues:
- During the past week rainfall was recorded in all states and territories.
- Heavy rainfall in north-central Victoria and southern New South Wales during the past week has reportedly disrupted harvesting activities.
- There are reports that recent dry seasonal conditions have resulted in feed and water shortages along some stock routes in southeast Australia.
- Water storage levels in the Murray–Darling Basin have decreased by 196 gigalitres this week and are at 75 per cent of total capacity.
- The Queensland young cattle indicator price (330 – 400 kg live weight C3) increased by around 2 per cent in the week ending 6 December 2013 to 347 cents a kilogram.
- Saleyard prices of lambs rose in most states in the week ending 6 December 2013. The largest increase occurred in Western Australia where the indicator price (18–22kg fat score 2–4) rose by around 12 per cent to average 441 cents a kilogram.
- The Australian Eastern Market indicator price for wool increased by around 2 per cent in the week ending 5 December 2013 to average 1144 cents a kilogram clean. The total number of bales offered at auction was around 5 per cent higher than the previous sale.
- The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$310 a tonne in the week ending 10 December 2013, compared with US$318 a tonne in the previous week.