VIC Market Update – 05/04/2019

James Ryssenbeek, Agfarm Regional Manager VIC

The quiet before the storm (fingers crossed) this week. I spent parts of this week around Swan Hill, Ouyen and Mildura. Those with subsoil moisture have started sowing sheep feed mainly vetch and oats. The balance are waiting, but it’s early days for cereals or canola. Those pre-watering at the moment won’t be too far off starting. Outside the main broadacre cropping areas, there were some decent rainfalls in eastern Victorian water catchments, (even snow!), and parts of south eastern and western Victoria dairy received up to 30mm.

Old and new markets remain quiet for both sellers and buyers. Small trades continue to local domestic markets and dairies. Hay also continues to move north. Livestock markets kicked this week, with renewed interest in ewes as grass grows further north. This will likely spur some feed grain buying with strong prices per head. If the dry continues in Vic, those who have held grain to this point are understandably thinking there could be a price rise. Time will tell.

Picture: Sowing vetch at Ouyen VIC

 
 
 
 
 
 
 
 
 

Prices as at 5th April

* View of current market pricing. Does not represent current Agfarm bids.

 

Follow us on social media