Central West NSW

Notes:

Commentary

• Wheat: Steady ($230 to $240/tonne). Barley: Down $10 ($195 to $205/tonne). Maize: Up $40 ($335 to $345/tonne). Sorghum: Up $30 ($280 to $290/tonne).
• Wheat prices increased slightly over the week, whilst demand remains low and hinders grower selling of any old crop stocks.
• Barley prices have decreased marginally, trading at a slightly higher premium compared to southern Australia regions, due to the increased demand in New South Wales after the recent floods.
• The warm and dry conditions leading into the weekend allowed sorghum harvest to continue, with prices maintaining a firm level. Rain has caused some sprouting and will potentially affect the amount of SOR2 that will be required by feedlots given its reduced nutritional value.

This report has been commissioned by Dairy Australia to provide an independent and timely assessment of grain and hay markets in each dairying region. It should be remembered that actual prices may vary for quality or other reasons. Whilst all reasonable steps have been taken to ensure the accuracy of the information contained in this report, to the fullest extent permitted by Australian law Dairy Australia disclaims all liability for any inadvertent errors and for any losses or damages stemming from reliance upon its content. Dairy Australia recommends that all persons seek independent advice and, where appropriate, advice from a qualified adviser, before making any decisions about changes to business strategy.