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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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US red meat and poultry cold store volumes for April were released earlier in the week and indicated plentiful supplies, with a decline in beef volumes offset by higher pork and poultry.
The latest ALFA/MLA quarterly feedlot survey indicated the number of cattle on feed for the March quarter had declined 5% year-on-year, to 914,901 head, and was down 8% from the record number the previous quarter.
According to the latest edition of MLA’s monthly Co-product report, Australian beef offal export volumes to Japan have continued to increase in 2016 so far, with April volumes up 10% on the previous month, to 2,250 tonnes swt, although shipments were down 5% from year-ago levels.
Tightening availability of slaughter-ready cattle assisted the national over-the-hook (OTH) indicators averaging up to 15% higher year-on-year during May.
The female percentage of adult cattle slaughter is akin to a rollercoaster, rising and falling with seasonal conditions and feed availability.
NLRS Market Summaries