ISSUE #823, 22 nd February 2019 Pig Prices c/kg HSCW, Trim 1 Head on (average indicative prices). W/E 22/02/2019 Buyers Data

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1 ISSUE #823, 22 nd February 2019 Pig Prices c/kg HSCW, Trim 1 Head on (average indicative prices). W/E 22/02/2019 Buyers Data 45kg 60kg (Buyers) Male Female Barrows Male Female Barrows QLD NSW VIC SA WA EASTERN SEABOARD* NATIONAL kg 75kg (Buyers) Male Female Barrows Male Female Barrows QLD NSW VIC SA WA EASTERN SEABOARD* NATIONAL kg 85kg (Buyers) Male Female Barrows Male Female Barrows QLD NSW VIC SA WA EASTERN SEABOARD* NATIONAL kg and above (Buyers) Male Female Barrows Male Female Barrows QLD NSW VIC SA WA EASTERN SEABOARD* NATIONAL Page 1 of 6

2 Sellers Data 45kg 60kg (Sellers) Male Female Barrows Male Female Barrows QLD NSW VIC SA WA EASTERN SEABOARD* NATIONAL kg 75kg (Sellers) Male Female Barrows Male Female Barrows QLD NSW VIC SA WA EASTERN SEABOARD* NATIONAL kg 85kg (Sellers) Male Female Barrows Male Female Barrows QLD NSW VIC SA WA EASTERN SEABOARD* NATIONAL kg and above (Sellers) Male Female Barrows Male Female Barrows QLD NSW VIC SA WA EASTERN SEABOARD* NATIONAL Backfatter Sows (Buyers) QLD NSW VIC SA WA EASTERN SEABOARD* NATIONAL Backfatter Sows (Sellers) QLD NSW VIC SA WA EASTERN SEABOARD* NATIONAL Page 2 of 6

3 : Denotes change from previous week. *Eastern Seaboard: Includes QLD, NSW, VIC & SA states only. SALEYARD PRICES (Buyers) Baconer price Porker Price Numbers Sold Toowoomba (QLD) (20) N/A Dublin (SA) N/A N/A N/A : Denotes change from previous week. N/A: Denotes no data provided. Pork Wholesale Prices (ESB c/kg) (Source: APL Market Reporting TW: This Week LW: Last Week MAT: Moving Annual ) 22/02/2019 CARCASS BROKEN SALES Pork Bacon Legs Legs Ham Trim Saddles Loin Forequarters Bellies TW LW MAT /02/2019 CARTON SALES US Ribs Boneless Legs Fillets Boneless Middles mm fat Boneless Middles mm fat Boneless Shoulders Pork Neck Trim 90CL TW LW MAT Page 3 of 6

4 Weekly Grain Comments (Source: Profarmer) To the point: CBOT wheat moves sharply lower over the past week. Sorghum harvest continues to progress with southern markets lacking market activity. Key Market Indicators 27/02/19 CBOT Wheat Mar 19 AUD/USD ICE Canola Mar 19 AUD/CAD Matif Canola May 19 AUD/EUR This week $A/t Usc/bu US c $A/t $C/t CA c $A/t /t Euro c Last Week Change International and National Recently CBOT wheat markets have been softer and this has spilt over on to neighbouring CBOT corn and soybean markets. Following the GASC (Egyptian) tender last week in which no US wheat won business, CBOT wheat markets have remained under pressure with the market acknowledging the lack of demand for US wheat and the possibility of better than expected European production. It is expected that weakness in CBOT wheat futures will continue until there is an increase in the amount of demand for US wheat. In the past week there has been an increase in the positive sentiment that there will be a trade agreement between the US and China. This is due to the US President declaring that the March 1 st deadline has been suspended, providing support that there will be a deal soon. If this were to occur there may be some further support for CBOT futures. Sorghum harvest continues to progress throughout Qld this has seen some slightly softer prices in the past week. There continues to be a lack of market activity in southern markets. Page 4 of 6

5 Wheat Sth QLD/Nth NSW Wheat markets remain quiet this week, seller activity remains very minimal as they wait for a pickup of activity in the market. Sth NSW/VIC/SA Grower selling continues to remain very minimal in these markets, after weakening in offshore wheat values caused weakness in domestic markets. Barley Sth QLD/Nth NSW Export business remains minimal for Australian barley in recent weeks. As a result, east coast feed markets are the most likely home for barley until export business picks back up. Sth NSW/VIC/SA Southern markets continue to remain relatively quiet with buyers remaining on a hand to mouth basis. Sorghum Sorghum harvest continues this week with low yields being reported and Sorghum 2 being the dominant grade. The late-planted sorghum crop is in need of rainfall, as the dry weather has continued in growing areas. Page 5 of 6

6 Weekly Grain Table (Source: ProFarmer) Delivered Darling Downs Deliverd Brisbane Delivered Northern NSW LW TW LW TW LW TW LW TW Feed Wheat Feed Barley Sorghum Soy meal Canola meal Cotton seed LW TW LW TW LW TW LW TW Feed Wheat Feed Barley Triticale Soy meal Canola meal Delivered Geelong Delivered Adelaide Delivered Fremantle LW TW LW TW LW TW Feed Wheat Feed Barley Soy meal N/A N/A N/A Canola meal Feed Oats Delivered Newcastle Delivered Southern NSW Delivered Port Kembla Delivered Goulburn Valley Delivered Central VIC DD = Darling Downs Bris = Brisbane Nth NSW = Northern New South Wales New = Newcastle Sth NSW = Southern New South Wales Pt K = Port Kembla GV Goulburn Valley Central Vic = Central Victoria Geel = Geelong Adel = Adelaide Freo = Fremantle. LW = Last week TW = This week = Change N/Q = No Quote Due to the volatility of the grain market, caution must be used when valuing data. Disclaimer: The information contained in this report cannot be forwarded to, or used by, any third party without prior written consent from Australian Pork Limited (APL). This information has been collected and processed by APL and has not been prepared for any particular individual or entity. The information contained in the report may not be an accurate reflection of market prices or of changes in market prices. The report does not constitute a recommendation by, or opinion of, APL. While APL has no reason to believe that the information contained in this report is inaccurate, APL is unable to guarantee the accuracy of the information at any point in time and, subject to any terms implied by law which cannot be excluded, accepts no responsibility for loss suffered as a result of any party s reliance on the accuracy or currency of the content of this report. The information contained in the report should not be relied upon for any purpose, including as a substitute for professional advice. Nothing within the report constitutes an express or implied warranty, or representation, with respect to any future matter or as to the value of or demand for any good. Page 6 of 6