$324/t (APW) Up 4.5 per cent. Values are above export parity at the moment and appear unsustainable based on current domestic supply and demand estimates.
$250/t (feed) Steady. Producers have been looking to capitalise on the bump in barley prices induced by dry weather, with the recent increase in supply weighing on prices.
$299/t Down -1.6 per cent. The recent rain has improved planting prospects and new crop prices have eased. Old crop prices remain steady with only small volumes being traded.
Source: Dairy Australia
$495/bale. Up 1.2 per cent. The WASDE report showed global production, consumption and trade increasing slightly from the previous month, offsetting U.S. production forecasts.
Source: Namoi Cotton
541c/kg (EYCI cwt). Up 1.5 per cent. The cattle rally continues despite a significant increase in yardings, suggesting that producers are holding back their cattle in response to the recent rain.