Goatmeat


Goat over the hooks (OTH) - 18 May 2012

Goat rates have increased, due to a small drop in supply over recent weeks.

The quality of goats is good, with the skin-on season approaching.

There is increasing overseas enquiry as the fluctuating A$ settles. As a result, excess product in storage is gradually being cleared.

OTH Graph

 
Over the hooks (OTH) rate
(w/e: 18 May2012)
Low price
c/kg cwt
High price
c/kg cwt
Avg Trend
8.1-10kg 180 240 213 10
10.1-12kg 200 240 222 10
12.1-16kg 200 240 223 10
16.1-20kg 200 240 222 8
20.1kg+ 200 240 222 8
 

Goat eastern states goat slaughter - 11 May 2012

 

Eastern states goat slaughter - head
(w/e: 11 May 2012)

Week:
11/05/12
Week:
04/05/12
  Queensland 10,133 11,730
  New South Wales 1,468 1,409
  Victoria 7,128 5,992
  South Australia 7,701 5,497
 

Goatmeat values slide in first quarter

The value of Australian goat exports for the March quarter fell 24 percent year-on-year, to $21.7 million FOB (Australian Bureau of Statistics), despite volumes increasing 3 percent over the same period.

Behind this drop were the lower domestic rates for goats, which were on average 137¢/kg cwt lower than the March quarter 2011.

The US remained the most valuable export destination, at $8.7 million FOB, although this was a significant decrease of 46 percent year-on-year.

Continuing the trend, the value of goatmeat to the Caribbean fell 24 percent year-on-year to $2.8 million, while Canada fell 3 percent to $2.5 million over the same period.

Goatmeat export values for the month of March fell 40 percent year-on-year to $2.4 million, primarily due to a large decline in shipments to the US.


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