AVERAGE farm business profits in Australia’s sheep industry are expected to be positive in 2018-19, compared with forecast negative results for the beef, grains, and dairy industries.
STRONG demand for more valuable sheep meat and wool exports is helping to underpin a forecast increase in Australia’s farm production value, according to the latest ABARES Agricultural Commodities report.
North central Victorian wool grower Ken Calder at Wareek is concerned that despite indications more sheep are being retained to rebuild flocks, insufficient Merino ewes are being bred to Merino rams to sustain quality wool production.
SMALL-SCALE lamb production on mixed cropping-livestock farms continues to dominate industry output, the latest ABARES report on the financial performance of lamb producers shows.
AUSTRALIAN average lamb and sheep prices are forecast to increase about 10 percent next financial year, according to the latest ABARES forecasts. The latest ABARES Agricultural Commodities June quarter report forecasts the average saleyard lamb price to increase by 9pc to 565c/kg in 2015-16.
FARMGATE prices of all livestock products could be 30 percent lower if Australia was to suffer an outbreak of Foot and Mouth Disease, an ABARES report has concluded. The report released today — The value of Australia’s biosecurity system at the farm gate: An analysis of avoided trade and on-farm impacts – said the price hit would be due to the loss of access to FMD-free export markets and the diversion of products to the domestic market or lower value markets where FMD is endemic.
The Australian Eastern Market Indicator price of wool is forecast to increase by three per cent to average 1075 cents a kilogram in 2015-16, according to ABARES annual outlook report released this morning.
Australia’s sheep flock is getting smaller and wool is losing market share to synthetic fibre clothing, according to the latest forecasts from the Australian Bureau of Agricultural and Resource Economics and Sciences. But the value and tonnage of lamb, mutton and live sheep exports is expected to continue to rise, as lamb production increases and mutton slaughter declines, ABARE analyst Robert Leith said in the Agricultural Commodities December quarter report out today.
The proportion of fine wool produced in Australia’s clip is expected to fall in 2014–15 with overall production expected to hit its lowest point on record, according to ABARES’ September quarter Agricultural Commodities Report. This would follow more positive seasonal conditions during autumn and winter across the southern parts of the country, the report said.
Australia’s winter crop production is forecast to fall by 12 per cent in 2014-15 to 38.6 million tonnes, the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) said. In its latest Australian Crop Report, ABARES said despite a generally favourable start to the 2014–15 winter crop season, different regional conditions have resulted in mixed crop prospects.