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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 February 2016 maximum temperatures were between 2 and 6 degrees above average for this time of year across much of Australia.
  • The forecast for the next eight days indicates that most rainfall will be restricted to western, eastern and northern Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) decreased by 179 gigalitres (GL) during the week ending 25 February 2016.
  • The young cattle indicator price (330–400 kg live weight C3) averaged 606 cents a kilogram (dressed weight) in Queensland in the week ending 19 February 2016.
  • The lamb indicator price (18–22kg fat score 2–4) averaged 533 cents a kilogram (dressed weight) in Victoria in the week ending 19 February 2016.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) was US$205 a tonne in the week ending 23 February 2016.
  • The Australian grain sorghum indicator price (Sydney) was $254 a tonne in the week ending 24 February 2016.

Source: www.daff.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.