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National Summary
Driving Prices Up
- Vetch and lucerne hay are likely to be in short supply this season which may result in higher prices.
- In South Australia, there is very strong interest from the equine market for lucerne hay, particularly small square bales, which are in short supply.
Driving Prices Down
- In some areas of Victoria which received rain, cereal hay crops have been cut earlier than planned, resulting in a reduction in quality, while in South Australia, rainfall is likely to have reduced the quality and price of oaten hay although much of this was destined for the export market.
Local News
- The BOM has released a Climate Driver Update, reporting that the El Niño–Southern Oscillation (ENSO) is neutral, with both sea surface temperatures (SSTs) in the central equatorial Pacific Ocean and atmospheric patterns at ENSO-neutral levels. Atmospheric indices, such as those related to pattens of surface pressure, cloud and trade winds, are broadly consistent with an ENSO-neutral state. Although some have displayed La Niña-like signals over the past several weeks, these signals have not been consistent. The Bureau’s model suggests SSTs are likely to remain within the ENSO-neutral thresholds throughout the forecast period to February 2025. The next update will be released on 29 October.
- Buyers are encouraged to feed test and view fodder before purchase to be sure of the quality of feed.