Daily News 13 April 2026
Sheep
Mutton indicators surge 60% year-on-year
While beef has been volatile, the sheep market is showing remarkable resilience. The Mutton Indicator is up nearly 60% compared to last year, driven by tight supply and robust Middle Eastern demand. For mixed enterprises, the sheep flock is currently providing a critical hedge against the input-heavy risks seen in the cropping and beef sectors.
Source: Meat & Livestock Australia (MLA):Sheep industry projections 2026
Climate
Southern rain a "bonus," but dry long-range trend remains
While the 15–30mm falls across SA, VIC, and southern NSW on April 9–10 provided a timely moisture boost for sowing, the BOM’s long-range outlook through July still favours below-average rainfall. This early moisture is excellent for germination, but with an El Niño transition possible by late winter, conservative stocking and moisture-saving tillage remain the prudent play.
Source: Bureau of Meteorology: Climate outlook for April to July - Long-range forecasts
Cattle
Queensland markets firm as dry weather tightens supply
In the north, prices for heavy steers and cows have firmed as dry conditions in Central and Western Queensland limit the flow of finished cattle. While southern markets are dealing with post-Easter supply surges, northern producers are seeing strong processor interest for immediate delivery. For those in the north with remaining feed, holding for specific weight specs is currently paying dividends as supply remains thin.
Source: Queensland Country Life:Cattle prices firm in the north as dry sets in
Cropping
Nitrogen availability creates a "2026 cliff"
Domestic fertiliser stocks are reportedly tight through mid-April, leading to price spikes and procurement anxiety. Many growers are already pivoting away from nitrogen-heavy wheat in favor of pulses and barley. If you haven't secured second-top dressing requirements, now is the time to audit on-farm storage or investigate prescriptive application to stretch every tonne.
Source: Renew Economy:The fertiliser gap is Australia's next supply chain crisis
Northern prices lift as growers withhold grain
A split has emerged between northern and southern grain markets in the feed grain sector. In the north, dry conditions have seen growers halt sales, pushing bids to $425/t on the Downs. Conversely, southern prices have softened as rain boosted confidence in early-sown dual-purpose crops. For southern growers, local domestic feedlots remain the most aggressive bidders in the absence of strong export competition.
Source: Grain Central:Feedgrain Focus: Dry north lifts values, south softens
Family Farming
Succession plans at risk from "handshake" trust deeds
A recent NSW Supreme Court ruling highlighted how poorly drafted family trust deeds can derail succession. Many family "plans" fail because they don't legally account for a controller becoming incapable. This is a timely reminder to ensure your legal documents are as precise as your agronomy; a discretionary trust is only as good as the instructions left for the next generation.
Source: The Land: Succession plans at risk without legal precision
Read todays Employment Market Update from Drover Ag
Megan Boote
