Farmgate produce commodity prices for September 2023

Here are the prices available at 28 September 2023 for local farm produce plus select US and world market prices

Current indicators – 28 September 2023

IndicatorWeek endedUnitLatest PricePrevious WeekWeekly changePrice 12 months agoAnnual change
Selected world indicator prices       
AUD/USD Exchange rate27-SepA$/US$0.640.64-1%0.65-1%
Wheat – US no. 2 hard red winter wheat, fob Gulf27-SepUS$/t315320-2%442-29%
Corn – US no. 2 yellow corn, fob Gulf27-SepUS$/t2232230%328-32%
Canola – Rapeseed, Canada, fob Vancouver27-SepUS$/t563578-3%679-17%
Cotton – Cotlook ‘A’ Index27-SepUSc/lb97970%103-6%
Sugar – Intercontinental Exchange, nearby futures, no.11 contract27-SepUSc/lb26.427.4-3%1846%
Wool – Eastern Market Indicator13-SepAc/kg clean1,1441,1480%1,342-15%
Wool – Western Market Indicator13-SepAc/kg clean1,2721,299-2%1,504-15%
Selected Australian grain export prices       
Milling Wheat – APW, Port Adelaide, SA27-SepA$/t4924881%575-14%
Feed Wheat – ASW, Port Adelaide, SA27-SepA$/t4704661%528-11%
Feed Barley – Port Adelaide, SA27-SepA$/t4084051%455-10%
Canola – Kwinana, WA27-SepA$/t8208200%1,044-21%
Grain Sorghum – Brisbane, QLD27-SepA$/t5245220%45814%
Selected domestic livestock indicator prices       
Beef – Eastern Young Cattle Indicator27-SepAc/kg cwt381408-7%1,040-63%
Mutton – Mutton indicator (18–24 kg fat score 2–3), Vic27-SepAc/kg cwt107122-12%557-81%
Lamb – National Trade Lamb Indicator27-SepAc/kg cwt433437-1%755-43%
Pig – Eastern Seaboard (60.1–75 kg), average of buyers & sellers20-SepAc/kg cwt3523520%376-6%
Goats – Eastern States (12.1–16 kg)20-SepAc/kg cwt2552550%887-71%
Live cattle – Light steers to Indonesia05-JulAc/kg lwt310330-6%450-31%
Global Dairy Trade (GDT) weighted average prices a       
Dairy – Whole milk powder20-SepUS$/t2,7992,7024%3,610-22%
Dairy – Skim milk powder20-SepUS$/t2,4002,2865%3,575-33%
Dairy – Cheddar cheese20-SepUS$/t4,0444,102-1%5,046-20%
Dairy – Anhydrous milk fat20-SepUS$/t4,7874,5615%5,677-16%

FOB: Free on board means that a seller pays for transportation of the goods to the port of shipment, plus loading costs.

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