Beef sector at full speed in second quarter
The Australian beef industry had a June quarter for the history books according to the latest Australian Bureau of Statistics data released last week. Records were broken as cattle slaughter reached a 48-year high and the female rate rose to levels usually reserved for wide-spread drought conditions. So where does that leave us for slaughter […]
Demand driving strong canola
Canola prices have bounced back to their recent highs and sit at levels not seen since 2022. Global supply remains solid, with perhaps some tightness in global export markets driving the strong values. Figure 1 shows canola prices falling recently before rallying back to the peaks seen towards the end of July. Oilseed markets have […]
Large decline in Ovine slaughter
The Australian Bureau of Statistics (ABS) ‘Livestock Products’ report was released last week, and it confirmed what we already knew. Lamb and sheep supplies have been extremely tight, and we are probably at the bottom of the supply cycle. Traditionally second quarter lamb and sheep supply doesn’t tighten significantly. In fact, the average of the […]
Mutton volume and price ratios
Sheep meat prices are trading at high levels anyway they are presented, with mutton well and truly holding its own. This article takes a look at supply side factors influencing the mutton price. The makeup of the Australian flock in the late 1980s/early 1990s was unusually skewed toward merino wool production, in relation to the […]