Week 2 – November 2024
Key Points Saleyard cattle supply in NSW running nearly 40% above 10-year averages, telling you how strong the numbers are in NSW at the minute. What happens in 25’ if and when the US enters a rebuild but in Australia, producers aren’t pushing the market, how significant is the upside? Rain for southern and central […]
A More Favourable Turn
Australia’s beef processing sector plays a crucial role in balancing various pressures to maintain profitability. With approximately 70% of the beef produced being exported, processors must manage the complex interplay between cattle input prices, operational costs, and revenues from beef exports and the sale of co-products.
Week 1 – November 2024
Key Points OTH goat prices are recovering, aligning strongly with rampant US exports goats were the first market to fall in H2 2022 and generally lead the market on price change. Live export demand remains solid at present, tighter supply in the northern market (Darwin) has seen boats shifted to the east coast port […]
I’m a rocket lamb
During the September quarter the Australian Bureau of Statistics (ABS) consumer price data showed a big lift in the retail price of lamb with this category showing a 7.7% increase from the June quarter figures.
A half flush
It has been a slow start to the spring lamb flush this year, particularly in Victoria and South Australia, with available lamb slaughter ready lambs in short supply due to a difficult season. Heavy lambs have been relatively scarce, as evident by the price premiums being held over all other Meat & Livestock Australia (MLA) reported lamb categories for several months now.
Wagyu premiums recovering
This article provides an analysis of the current F1 Wagyu cattle prices in Australia for heifers and steers, that weigh between 200-400kg live weight, sold on the AuctionsPlus platform. As a reference point to the broader Australian cattle sector, the analysis compares F1 Wagyu pricing to the National Young Cattle Indicator (NYCI).
Northern Stars
Over the last month, Australia’s beef processing sector has experienced a combination of steady processing volumes and some minor over-the-hooks price adjustments driven by supply fluctuations and weather conditions.
Soaring sheep cull
Throughout September weekly sheep slaughter volumes have been on a steady climb higher in several mainland states with east coast slaughter volumes for the last week of September hitting a seasonal record of 185,358 head processed.
Week 4 – September 2024
Key Points Producer cautiousness continues to permeate throughout the cattle industry due to challenged financial positions and a reluctance to trade and utilise excellent spring conditions a result of the 2023 hangover. Q3 Cattle slaughter estimated range to reach 2.14-2.17 million head, the highest level in 5 years with beef production estimates at 650,000 tonnes […]
Week 2 – October 2024
Key Points Restocker heifer to steer discounts continue to indicate strong trading opportunities, something some agents & producers have capitalised heavily on with trading strategies in 2024. As the Angus to Flatback premium narrows, people should be selling the swap into mid 2025 where the premium will then have widened and maximum value can be […]
