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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, Commodities, Weather

Summary of key issues:

  • During the week ending 8 June 2016 rainfall was recorded in all states and territories.
  • This week’s widespread rainfall has provided timely moisture for crop and pasture production and useful inflows into key water storages and farm dams.
  • For the week ending 7 June 2016, maximum temperatures were close to average across most of Australia.
  • Above average rainfall in May 2016 decreased the extent and severity of rainfall deficiencies in Australia for the 13 month period from May 2015 to May 2016.
  • The forecast for the next eight days indicates that rainfall is expected to be confined to isolated areas of eastern and southern Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) increased by 288 gigalitres (GL) during the week ending 9 June 2016.
  • The young cattle indicator price (330–400 kg live weight C3) averaged 558 cents a kilogram (dressed weight) in Queensland in the week ending 3 June 2016.
  • The lamb indicator price (18–22kg fat score 2–4) averaged 598 cents a kilogram (dressed weight) in Victoria in the week ending 3 June 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 7 June 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.