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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

Categories: Beef, Sheep & lambs, Cropping, Weather, Commodities

Summary of key issues:

  • Little to no rainfall was recorded across most of mainland Australia during the week ending 18 May 2016.
  • For the week ending 17 May 2016, maximum temperatures were above average across most of western, central and eastern Australia.
  • The forecast for the next eight days indicates that rainfall is likely in all states and territories.
  • Water storage levels in the Murray–Darling Basin (MDB) increased by 140 gigalitres (GL) during the week ending 19 May 2016.
  • The New South Wales young cattle indicator price (330–400 kg live weight C3) averaged 596 cents a kilogram for the week ending 13 May 2016.
  • The Victorian lamb indicator price (18–22kg fat score 2–4) averaged 567 cents a kilogram (dressed weight) in the week ending 13 May 2016.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) was US$193 a tonne in the week ending 17 May 2016.



Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank – A Division of Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879