Australia heading for third year of 8m-plus cattle s - leatherbiz: Lea Leatherbiz

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Australia heading for third year of 8m-plus cattle slaughter

28/04/2015
Following higher-than-expected cattle slaughter across the eastern Australian states during the first quarter of 2015, the national adult kill has now been revised up 400,000 head to 8.2 million, according to industry body Meat & Livestock Australia.

While this was still 11% below last year’s three-decade high, it would result in the rare sequence of three consecutive years with more than eight million adult cattle killed.

High slaughter is anticipated to continue through the second quarter of 2015, before tapering off as the year progresses provided average rainfall is received by the end of the year.

A 9% year-on-year decline in adult cattle slaughter is anticipated for 2016, to 7.5 million head, before bottoming out in 2017 at 7.1 million head.

The northern live cattle trade is likely to be boosted in coming months following the release of Indonesian import permits for 250,000 feeder cattle in the second quarter.

MLA manager of market Information Ben Thomas said: “The cattle market outlook will depend on whether or not the positive three month rainfall outlook comes to fruition, and the timeliness if it does.”

“The robust global demand for Australian beef will remain in play and act as support for cattle prices here at home, but a significant contraction in turnoff is needed to sustain support for the market.”

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