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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 26 August 2015, rainfall was mainly recorded across southern Australia and isolated areas of central and eastern Australia.
  • The widespread rainfall received this week over much of the winter crop growing region is likely to provide timely moisture for the growth and development of crops and pastures.
  • Maximum and minimum temperatures were predominantly above average to average over much of central and eastern Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) increased during the week ending 27 August 2015 by 230 gigalitres (GL) and are at 47 per cent of total capacity.
  • The young cattle indicator price (330–400 kg live weight C3) averaged 542 cents a kilogram in Queensland in the week ending 21 August 2015.
  • The lamb indicator prices (18–22kg fat score 2–4) in Victoria and New South Wales averaged 577 cents a kilogram (dressed weight) in the week ending 21 August 2015.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$215 a tonne in the week ending 25 August 2015.
  • The Australian grain sorghum indicator price (Sydney) was $310 a tonne in the week ending 26 August 2015.

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.