MLA confident in Australia’s cattle market
14/10/2015
MLA Manager of Market Information Ben Thomas said the annual cattle slaughter by year’s end was estimated to reach another unprecedented high.
He said: “This will be the third consecutive year of cattle slaughter exceeding eight million head, something that’s never been seen before. As a result, beef production is estimated to reach 2.46 million tonnes cwt – which will be the second highest volume ever.
“The female slaughter rate so far this year is 28% above the five year average, which will ultimately lead to fewer calves and lower beef production. Yet over the next five years Australia will still continue to produce more than two million tonnes of beef and veal annually.”
“Cattle prices are expected to remain buoyant over the longer term, even with the usual seasonal decline expected in the final months of 2015.”
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