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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:

  • Rainfall during the week ending 25 May 2016 was recorded in all states and territories.
  • For the week ending 24 May 2016, maximum temperatures were above average across much of Australia.
  • The latest ‘National Climate Outlook’ released by BOM indicates that above average rainfall is more likely across most of Australia for the winter period.
  • Key oceanic and atmospheric indicators suggest the 2015–16 El Niño event has finished and are currently in the neutral range.
  • The forecast for the next eight days indicates that rainfall is mainly expected for central and southern Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) increased by 103 gigalitres (GL) during the week ending 26 May 2016.
  • The Queensland young cattle indicator price (330-400 kg live weight C3) averaged 537 cents a kilogram (dressed weight) in the week ending 20 May 2016.
  • The lamb indicator price (18-22kg fat score 2-4) averaged 573 cents a kilogram (dressed weight) in Victoria in the week ending 20 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 24 May 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.