Driving Prices Up
- Drier conditions in some southern regions are driving interest in locking away some winter feed allotments.
- Quality hay will be in short supply in the coming months.
- Cost of production concerns remain a focus for the season to come.
- The cattle market with restocking and lot feeding circles at close to record levels is being monitored by the fodder industry.
Driving Prices Down
- Hay quality is being affected by the wet conditions.
- Rainfall across much of the eastern seaboard means there is a lot of grass in the paddocks which is slowing trade significantly.
- There is not much demand for feed for feedlot or export cattle being reported.
- According to the Bureau of Meterology, La Niña continues in the tropical Pacific, but modelling suggests the 2021–22 La Niña is near or at its peak, with a return to neutral El Niño–Southern Oscillation (ENSO) likely early in the southern hemisphere autumn. La Niña has delivered above average rainfall across much of northern and eastern Australia this summer.
- Trade in hay continues to be slow.
- In Queensland, Fall Armyworm monitoring and spraying is well-underway. Summer crops are looking magnificent in the Darling Downs.
- Continued wet conditions throughout NSW mean that there is plenty of grass in the paddocks, and hay production is challenging.
- Lack of rain in Southwest Victoria, and some parts of South Australia and Tasmania are driving some early enquiries from those looking to secure feed allotments for winter.
- Southwest Western Australia is experiencing very hot weather conditions this week.
- $50k grants for November flood-affected farmers in NSW and QLD are now available to salvage damaged crops and stock, rebuild fences and replace machinery. The grants are jointly-funded by state and federal governmentsfor those in local government areas which were disaster-declared after the severe flooding.
- According to the Bureau of Meteorology weekly rainfall update, rainfall totals of 10 mm to 50 mm were recorded in northern and southern Queensland, most of New South Wales, eastern and southern parts of Victoria, and a small area of north-west Tasmania.
- Buyers are encouraged to feed test and view fodder before purchasing to be sure of the quality of the feed.