Goat indicators advance into uncharted territory

22 September 2015

Over-the-hook export goat indicators have moved into uncharted territory, reaching 500¢/kg cwt this week (MLA’s NLRS). Goats, which, in the past, have tracked the price of mutton, are now edging closer to current lamb prices. The average September export over-the-hook indicator (12-16kg cwt) is 471¢/kg cwt, up 40% year-on-year.

Average weekly eastern states goat slaughter, reported by MLA’s National Livestock Reporting Service, eased 4% year-on-year in August, to 31,660 head. This decline was attributed to slaughter levels in Victoria and SA halving year-on-year, to 5,962 head and 5,285 head, respectively. In contrast, slaughter lifted in Queensland and NSW, to 17,292 head and 3,121 head, respectively.

Although the average eastern states goat slaughter for the month was lower than year-ago levels, August goat slaughter was higher than the May, June and July averages.

Australian goatmeat exports totalled 2,403 tonnes swt in August, down 27% year-on-year. This rounds off total exports for winter at 5,229 tonnes swt, slipping 45% on the corresponding period last year.

Goatmeat exports to the US eased 40% year-on-year, to 1,168 tonnes swt in August, while shipments to Canada decreased 76%, to 87 tonnes swt. Exports to Japan were steady, at 39 tonnes swt, while volumes to Taiwan and Korea slipped 28% and 26%, to 175 tonnes swt and 118 tonnes swt, respectively. Volumes to China and Hong Kong, on the other hand, lifted considerably in August, to 103 tonnes swt and 442 tonnes swt, respectively.

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