Have you seen the NEW INTERACTIVE data tool? Filter the latest data to best suit your needs from our comprehensive warehouse of saleyard, over-the-hook, slaughter, throughput, skins and feeder information. All saleyard reports are now also accompanied with audio commentary from your local market reporter so you can listen at your leisure.
US imported lean grinding beef prices moved lower at the beginning of the week, before making a recovery in the last day. Market participants continue to be faced with the reality of limited spot availability.
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Despite a 12% decline in volume, the value of Australia’s red meat exports was down just 3% year-on-year for the first four months of 2017.
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US cattle prices declined over the past week. Last Monday, the choice steer was 136¢/lb lwt; the same indicator closed yesterday at 126¢/lb lwt. Futures markets have eased by a similar magnitude.
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May exports were the largest monthly shipment of feeder and slaughter cattle this calendar year, at 77,000 head, underpinned by a significant increase in exports to Vietnam.
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The seasonal decline in lamb yardings across the eastern states is underway, although supplies are higher than they were the same time last year.
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The Korean beef market: Insights and prospects from an Australian perspective
Growth in Korean beef demand has been underpinned by long-term economic and demographic shifts. This report analyses these long-term drivers and provides an outlook on local production, consumption and imported beef volumes, and reviews the market prospects for Australian beef.
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