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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

Categories: Weather, Commodities, Beef, Sheep & lambs, Cropping

Summary of key issues:

  • During the week ending 4 March 2015 rainfall was mainly recorded across western, northern and eastern Australia.
  • February 2015 rainfall was below average to average across much of Australia.
  • Rainfall deficiencies have increased in extent and severity across southern South Australia, western Victoria and along the west coast of Tasmania.
  • Relative upper layer soil moisture for February 2015 was mostly above average across southeastern Australia and below average over much of the rest of the country.
  • Water storage levels in the Murray–Darling Basin (MDB) decreased this week by 242 gigalitres (GL) and are at 44 per cent of total capacity.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$244 a tonne in the week ending 3 March 2015.
  • The Queensland young cattle indictor price (330–400 kg live weight C3) averaged 443 cents a kilogram (dressed weight) in the week ending 27 February 2015.
  • Changes to the saleyard indicator prices of lamb (18–22kg fat score 2–4) were mixed across the states in the week ending 27 February 2015.



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 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 – A Division of Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879