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MLA Market Information provides the latest prices, reporting, forecasts and analysis for Australian and international red meat markets.
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Indicative retail beef and lamb prices increased 12% year-on-year during the final quarter of 2015, to $18.51/kg retail weight (rwt) and $14.24/kg rwt, respectively
Japan imported 493,986 tonnes swt of beef during 2015, valued at A$ 3.7 billion – while the volume declined 5% year-on-year, the total value increased 16% over the same period, to be the highest yearly value since 2001 in A$ terms (Ministry of Finance).
The indicative imported 90CL cow beef price rose 5.5US¢ this week, to 190.5US¢/lb CIF (up 12.2A¢, to 592.4A¢/kg CIF).
The volume of meat in US cold storage facilities at the end of 2015 was higher than one year previously.
Australian beef and veal exports started 2016 at a slower pace than one year ago, limited primarily by the corresponding decline in cattle slaughter.
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