Report

Central West NSW

20 May 2020

Chart
Table

Date	CW '23	CW '22	CW '5YA
06-Jan-23	399	290	314
13-Jan-23	400	280	317
20-Jan-23	400	280	317
27-Jan-23	405	278	317
03-Feb-23	400	275	315
10-Feb-23	400	285	315
17-Feb-23	405	280	311
24-Feb-23	410	288	309
03-Mar-23	405	295	305
10-Mar-23	415	300	304
17-Mar-23	408	305	307
24-Mar-23	400	305	307
31-Mar-23	400	315	314
07-Apr-23	395	310	313
14-Apr-23	395	350	322
21-Apr-23	395	390	330
28-Apr-23	405	390	329
05-May-23	405	400	326
12-May-23	400	425	328
19-May-23	395	450	336
26-May-23	400	460	339
02-Jun-23	380	445	337
09-Jun-23	360	445	338
16-Jun-23	358	450	341
23-Jun-23	355	440	339
30-Jun-23	355	420	336
07-Jul-23	355	420	336
14-Jul-23	355	415	334
21-Jul-23	355	410	335
28-Jul-23	365	405	338
04-Aug-23	355	410	343
11-Aug-23	360	380	341
18-Aug-23	360	380	343
25-Aug-23	360	380	347
01-Sep-23	370	370	346
08-Sep-23		375	333
15-Sep-23		375	335
22-Sep-23		378	338
29-Sep-23		380	341
06-Oct-23		380	340
13-Oct-23		385	344
20-Oct-23		385	344
27-Oct-23		435	354
03-Nov-23		443	352
10-Nov-23		450	351
17-Nov-23		455	352
24-Nov-23		455	354
01-Dec-23		423	349
08-Dec-23		390	341
15-Dec-23		395	336
22-Dec-23		395	341
29-Dec-23		398	341

Notes:

Change in price is the change since the last report. Prices are estimates based on delivery to dairy farms with allowance for freight, storage, and marketing costs, but exclusive of GST. Wheat prices are for the relevant stockfeed wheat available in a region (ASW, AGP, SFW1 or FED1) and F1 for barley.

The grain report has been commissioned by Dairy Australia to provide an independent and timely assessment of grain markets in each dairy region. This report is created using data provided by Profarmer Consulting. 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, Dairy Australia disclaims all liability to the fullest extent permitted by Australian law for any inadvertent errors and for any losses or damages stemming from reliance upon its content. Dairy Australia recommends all persons seek independent advice and, where appropriate, advice from a qualified advisor before making any decisions about changes to business strategy.

Commentary

Wheat: Up $10 ($365 to $375/tonne). Barley: Up $5 ($340 to $350/tonne). Maize: Steady ($415 to $425/tonne). Sorghum: Up $10 ($380 to $390/tonne).
Feed wheat prices were slightly lower this week, though trade demand remains solid for SFW – H2 grades. Cattle on feed projections continue to develop with seasonal conditions and lower cattle prices.
Barley remains a similar story to wheat for old crop. Supplies in the region are limited and consumer demand is being met from southern NSW, with prices trading slightly higher as a result.
Old crop sorghum trading is now just about done, with bids remaining firm as the last of the tonnes were tidied up. New crop bids were steady.