Market news



22 Jul 14 Tuesday daily sheep summary
Lamb consignments at Dubbo increased 16%, to 40,000 head, with a good selection of well-finished trade and heavy weight lambs on offer, along with reasonable numbers of light weight lines.

22 Jul 14 Tuesday daily cattle summary
Numbers at Toowoomba Elders market this week increased 7% on last week, to 1,064 head, with two major export processors not in attendance as bulls sold to a cheaper trend, while cows and grown heifers sold at similar levels.

22 Jul 14 Australia’s market share increases to 54% in Korea
Korean beef imports during the first half of 2014 totalled 138,118 tonnes swt - 8% and 10% above 2013 and the five-year average, respectively (on a customs cleared basis, Korea Customs and Trade and Development Institution, GTA).

22 Jul 14 UK beef production up in 2014
UK cattle slaughter during the first half of 2014 increased 1% year-on-year, to 985,000 head, while production, helped by slightly heavier carcase weights, rose 2% (or 10,400 cwt more), totalling 438,000 tonnes cwt (EBLEX).

22 Jul 14 Drought underpins record beef offal exports
Australian beef offal exports for the 2013-14 financial year reached a record volume, at 153,488 tonnes swt, underpinned by the drought fuelled surge in adult cattle slaughter over the course of the year.

22 Jul 14 Potential co-product values ease in June
In June, the potential co-product value for a heavy steer (average carcase weight 331kg) declined 8% on the previous month and was 7% lower than the corresponding period last year, at $215.10/head, with varied price trends experienced across most categories.

21 Jul 14 China lifts ban on Brazilian beef
China has lifted its ban on Brazilian beef, as announced late last week by the Brazilian President, Dilma Rousseff. An atypical BSE (Bovine Spongiform Encephalopathy) case detected in Parana state in December 2012 resulted in restrictions on Brazilian beef across important exports markets, including China and Saudi Arabia.

18 Jul 14 Lower supplies see NZ exports decline in 2013-14
New Zealand (NZ) lamb exports totalled 302,056 tonnes swt for the 2013-14 fiscal year, back 16% year-on-year, with an overall decline in shipments to all of NZ’s major export markets (Beef + Lamb New Zealand).

18 Jul 14 Friday daily cattle summary
Numbers at Roma prime sale this week reduced 15% compared to the previous week, to 555 head, with some extra processor competition on cows and heavy bulls, while only few drafts of grown steers and heifers were penned.

18 Jul 14 Friday daily sheep summary
Numbers remained similar at Wagga with 35,000 head yarded in total and quality was typical of a winter yarding.

17 Jul 14 Thursday daily sheep summary
Lamb supply at CTLX eased 2% week-on-week, to 8,070 head, and there were plenty of lambs in good condition, with good numbers of heavier trade weight and heavy weight lambs on offer.

17 Jul 14 SA weekly cattle summary
Total SA cattle supply, as reported by MLA’s National Livestock Reporting Service, declined 35% week-on-week, to 1,898 head.

17 Jul 14 Tasmania market summary
There was a larger yarding of trade and export cattle at Powranna and Killafaddy this week, with about 30% being cows.

17 Jul 14 Thursday daily cattle summary
There were similar numbers yarded at Dalby this week, at 4,814 head, with the usual export processors operating selectively on the few bullocks offered, while some cow prices were assisted by good restocker and processor support.

17 Jul 14 New Zealand sheepmeat exports to the EU lower in 2014
New Zealand sheepmeat exports to the EU during the first half of 2014 declined 6% year-on-year, to 82,116 tonnes swt - primarily due to the reduction in NZ lamb and mutton supplies and strong demand from other markets.

17 Jul 14 SA weekly sheep summary
SA lamb supply, as reported by MLA’s National Livestock Reporting Service, slipped 42% week-on-week, to 9,361 head, as all centres recorded lower consignments.

17 Jul 14 Vic weekly cattle summary
Total Victorian cattle yardings, as reported by MLA’s National Livestock Reporting Service, eased 22% week-on-week, to just under 10,000 head.

17 Jul 14 QLD weekly cattle summary
Overall Queensland cattle supply, as reported by MLA’s National Livestock Reporting Service, declined 12% week-on-week, totalling 15, 624 head.

17 Jul 14 China’s red meat prices continue to rise
Wholesale prices of beef and sheepmeat in China continued to increase from last year’s levels, in contrast to the weaker pork prices - largely the result of the ongoing weaker demand, reported eFeedLink.

17 Jul 14 Korean traders’ interest in imported beef strengthens
Rising prices for US beef and reduced availability of the product has helped to improve demand for Australian product.


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