# Ag production falls for third year in row: ABARES - Grain Central

> ABARES reports Australia's total agricultural production will fall for a third straight year, with total crop output the lowest since 2007-08. Poor conditions in Queensland, NSW and Western Australia have led to downgrades, while livestock value is supported by African swine fever demand.

- Date: 2019-12-10 · published 2019-12-10T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/55533-ag-production-falls-for-third-year-in-row-abares-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Lower Australian crop output raises feed grain costs domestically, while strong livestock prices reflect demand from ASF-hit Asian markets.

## Read by commodity

- HOGS: bullish ▲
- WHEAT: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-09-12 | [Forecast decrease for winter crop production: ABARES - Grain Central](https://feedsoft.ai/events/68910-forecast-decrease-for-winter-crop-production-abares-grain-central.md) | +1.0% | +4.5% |
| WHEAT | 2019-12-02 | [ABARES crop report forecasts winter production slump for third year in a row - ABC News](https://feedsoft.ai/events/55529-abares-crop-report-forecasts-winter-production-slump-for-third-year-in-a-row.md) | -0.7% | -1.9% |
| WHEAT | 2018-12-04 | [Winter crop production down after poor start to spring: ABARES - Grain Central](https://feedsoft.ai/events/61530-winter-crop-production-down-after-poor-start-to-spring-abares-grain-central.md) | -0.3% | +1.5% |
| WHEAT | 2017-08-08 | [Wheat production forecast down: NAB - Grain Central](https://feedsoft.ai/events/69415-wheat-production-forecast-down-nab-grain-central.md) | +0.5% | -0.8% |
| WHEAT | 2019-09-17 | [ABARES slashes grain production forecasts \| The Land \| NSW](https://feedsoft.ai/events/57047-abares-slashes-grain-production-forecasts-the-land-nsw.md) | +2.4% | +2.8% |
| HOGS | 2019-02-13 | [Floods, drought, trade wars - trying to understand risk in a sea of uncertainty - Beef Central](https://feedsoft.ai/events/60546-floods-drought-trade-wars-trying-to-understand-risk-in-a-sea-of-uncertainty.md) | +0.9% | +6.6% |
| HOGS | 2016-06-03 | [Futures File: Soaring prices prove pigs can fly; weather worries push grain prices higher – Greeley Tribune](https://feedsoft.ai/events/5266-futures-file-soaring-prices-prove-pigs-can-fly-weather-worries-push-grain.md) | +2.1% | +4.9% |
| HOGS | 2021-08-20 | [After the Bell \| Aug. 20, 2021 - Pro Farmer](https://feedsoft.ai/events/12606-after-the-bell-aug-20-2021-pro-farmer.md) | -0.2% | -5.7% |

## Sources

- graincentral.com: https://www.graincentral.com/news/ag-production-falls-for-third-year-in-row-abares/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.