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Slaughter cattle purchases through Australian saleyards have been in decline in recent years, as a greater proportion of finished cattle are destined for direct-to-works programs.
Australian cattle on feed during the September quarter were in excess of 960,000 head, making a complete 12 months with numbers at that level, and creating a sequence that’s never been seen before.
After three consecutive years of growth, Paraguayan beef exports in 2015 have eased, with shipments for the January to October period down 3% on the previous year, to 224,696 tonnes swt.
Below average rainfall across much of the country during September saw Australian goat slaughter surge 42% year-on-year, to 225,229 head – the highest monthly kill since July 2014 and 30% above the five-year average (Australian Bureau of Statistics).
The amount of beef in cold stores at the end of October was 3% higher than at the end of September, and 34% higher than a year before. Volumes in storage could decrease through to the end of the year, with Australian and New Zealand exports both limited by quota restrictions.
NLRS Market Summaries