Australia’s flock rebuild is speeding up, predicted to reach 68.1 million head after falling to its lowest on record in 2020 of 64 million head. And by 2023 the national flock is expected to be 75.4 million head.
The two biggest players in the lamb export space, China and the United States, are still hungry for Aussie lamb with export volumes increasing to levels well above seasonal averages.
Young cattle prices continue to hold up in the face of increased supply, adding weight to the argument that the predicted market decline in the second half of this year will be relatively restrained.
THE story with China in terms of beef exports is now more about expanding market share rather than simply regaining ground.
So says global meat market analyst Simon Quilty, in the wake of economist discussion around the idea that China’s aggressive trade tactics have not affected Australia nearly as much as anticipated.
Weaner sales across the state continue to impress with buyers bidding furiously for new steers and more so for the heifers, which are dearer than their brothers in many selling centres.
A DELAYED Chinese recovery from African Swine Fever, strong ongoing global lamb and mutton demand, and higher beef prices point to continued high prices for Australian sheep producers this decade, according to independent analysts.
Cattle prices stay put in a ‘new normal’
THE RIP-ROARING way cattle prices kicked off the year can’t be expected to continue forever, but leading analysts and economists believe the market will not fall considerably this year.
Global agribusiness giants plan to expand meat processing in Australia
Two big global companies have announced plans to expand their agricultural operations in Australia. Brazilian meatpacker Minerva Foods has signed a partnership deal with a part-owner of its business, Saudi Arabia’s SALIC.
