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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:

  • For the week ending 23 August 2016, maximum temperatures were close to average across much of Australia.
  • The latest ‘National Climate Outlook’ released by the Bureau of Meteorology indicates that there is no strong tendency towards either wetter or drier than average rainfall for much of Australia during spring (September to November 2016).
  • The forecast for the next eight days indicates that rainfall is expected across much of western, central and southern Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) increased by 418 gigalitres (GL) during the week ending 25 August 2016.
  • The young cattle indicator price (330–400kg live weight C3) averaged 693 cents a kilogram in New South Wales in the week ending 19 August 2016.
  • The lamb indicator price (18–22kg fat score 2–4) averaged 598 cents a kilogram (dressed weight) in Victoria in the week ending 19 August 2016.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) was US$194 a tonne in the week ending 23 August 2016.

Source: www.agriculture.gov.au/abares

 

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 Limited 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 Limited ABN 74 083 938 416 AFSL 238042.