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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 5 August 2015, rainfall was mainly recorded across southern Australia and isolated areas of north eastern Australia.
  • Max. and min. temperatures were predominantly above average over much of northern Australia during the week ending 4 August 2015.
  • Relative upper layer soil moisture for July 2015 was highly variable across Australia.
  • Relative lower layer soil moisture for July 2015 was predominantly above average to extremely high across large areas of western, central and south eastern Australia.
  • The 2015 El Niño is now well-established and continues to strengthen.
  • Water storage levels in the Murray–Darling Basin (MDB) increased this week by 232 gigalitres (GL) and are at 45 per cent of total capacity.
  • The lamb indicator price in Victoria (18–22kg fat score 2–4) averaged 570 cents a kilogram (dressed weight) in the week ending 31 July 2015
  • The Queensland young cattle indictor price (330–400 kg live weight C3) averaged 515 cents a kilogram in the week ending 31 July 2015.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$217 a tonne in the week ending 4 August 2015.
  • The Australian grain sorghum indicator price (Sydney) was $326 a tonne in the week ending 5 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.