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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 26 July 2016, maximum and minimum temperatures were generally above average across much of mainland Australia.
  • The latest ‘National Climate Outlook’ released by the Bureau of Meteorology indicates that above average rainfall is likely across eastern and northern Australia for the period August to October 2016.
  • Water storage levels in the Murray–Darling Basin (MDB) increased by 914 gigalitres (GL) during the week ending 28 July 2016.
  • The young cattle indicator price (330–400 kg live weight C3) averaged 620 cents a kilogram (dressed weight) in Queensland in the week ending 22 July 2016.
  • The lamb indicator price (18–22kg fat score 2–4) averaged 620 cents a kilogram (dressed weight) in Victoria in the week ending 22 July 2016.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) was US$189 a tonne in the week ending 26 July 2016.

Source: www.agriculture.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.