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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:

  • During the week ending 22 June 2016 rainfall was recorded in all states and territories.
  • This week’s rainfall is likely to benefit crop and pasture production, boost soil moisture levels and provide useful inflows into key water storages and farm dams.
  • For the week ending 21 June 2016, maximum temperatures were above average in northern and north-western Australia.
  • International reports indicate that May 2016 was globally the warmest May on record.
  • The forecast for the next eight days indicates that rainfall is likely to be restricted to central and southern Australia.
  • The young cattle indicator price (330–400 kg live weight C3) averaged 582 cents a kilogram (dressed weight) in Queensland in the week ending 17 June 2016.
  • The lamb indicator price (18–22kg fat score 2–4) averaged 630 cents a kilogram (dressed weight) in Victoria in the week ending 17 June 2016.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) was US$199 a tonne in the week ending 21 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.