MLA Australian cattle industry projections mid-year update 2013


MLA's Australian cattle industry projections 2013 mid-year update provides an update to MLA's Australian cattle industry projections published in January

This should be read in conjunction with the January document, as this update will focus on the alterations to the outlook since the release of the original projections.  

Highlights include:

  • Record Australian beef exports are forecast to continue in 2013, the combined result of high slaughter levels due to drought conditions, sustained growth in emerging markets and the recent devaluing of the A$
  • Tough production conditions across the north will continue, while in southern Australia good seasonal conditions going into spring should have a positive impact on the market
  • Beef exports for 2013 are forecast to set a new record at over one million tonnes, with recent A$ depreciation and emerging market growth increasing demand but leading to declines in volumes to Japan and the US
  • Australia has been able to capitalise on current market access advantages in China and the Middle East, with China's demand spurred by a growing economy, tightening of import regulations, limited access for US and Brazilian beef, and increased consumer demand for imported product
  • Beef exports to Japan are forecast to total 290,000 tonnes swt for 2013, the lowest annual level since 2003, and exports to Korea are anticipated to be steady for 2013 however volumes will come under pressure into 2014 as the US tariff reduces further
  • Live cattle exports are forecast to be 575,000 head in 2013, with any further growth heavily dependent on discussions for improved partnerships between Australia and Indonesia

Download the 2013 industry projections mid-year update

Read the full 2013 industry projections mid-year update

Read the MLA media release


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