THE newest quarterly statistics on livestock slaughtered and meat manufacturing from the Australian Bureau of Statistics have proven that the feminine slaughter ratio for the Australian cattle herd has lifted to 53.1 %, which locations the business in a destock part.
This enhance within the FSR comes alongside a 17pc carry in cattle slaughter to 2.1 million head for the June quarter, the very best seen because the 2019 drought.
MLA senior market info analyst Erin Lukey stated the ABS information confirmed that the feminine slaughter ratio (FSR) had elevated throughout the nation.
The business makes use of 47pc FSR as a benchmark as as to if the business is in a restock, regular or destocking part. A quarterly FSR of 53pc is the second consecutive quarter above this benchmark, which signifies the cattle herd has entered a destocking interval.
“The ABS information has revealed lifts to FSR throughout all states which has lifted to its highest feminine turnoff since 2019, and the biggest quarter on quarter carry to their FSR amongst different states,” Ms Lukey stated.
“Due to 4 consecutive years which have allowed for rebuild and upkeep, the Australian cattle herd is excessive when in comparison with historic averages. Cow retention over this time has created a big feminine herd, which are actually prepared for turnoff.”
Greater beef manufacturing
Saleyard costs remained nicely above year-ago ranges, as robust demand for Australian beef within the world market helps to keep up confidence as manufacturing rises.
The rise in cattle slaughter has consequently led to an elevated beef manufacturing quarter as nicely.
Beef manufacturing rose 14pc from the March quarter and 19pc from the June quarter final 12 months, to 648,763 tonnes. That is the biggest quarterly manufacturing whole since 2015, and the fourth-highest quantity on document.
Lamb traits related
Final quarter was additionally a document quarter for lamb, with 177,147t produced, 6pc above the March quarter this 12 months and 19pc larger than the identical quarter final 12 months.
“Excessive purple meat export volumes over the June quarter present that demand is rising abroad on the similar time that Australian provide is rising,” Ms Lukey stated.
Lamb slaughter lifted to 7.2 million head over the quarter, which is Australia’s highest lamb slaughter determine on document and the primary time it has been above seven million head.
Mixed sheep and lamb slaughter rose 2pc from Q1 2024 and 16pc from Q2 final 12 months to 9.9 million head. This makes Q2 the biggest quarter for sheep and lamb slaughter since 1973.
Ms Lukey stated Australia’s sheep flock had modified considerably during the last fifty years.
“A transfer in direction of meat breeds, and extra just lately to shedding animals, has opened the door to a brand new manner of sheepmeat manufacturing. The flock is working in a brand new regular, with extra lambs being grown, resulting in extra manufacturing,” she stated.
Lamb slaughter throughout Australia lifted to its highest quantity ever with 7.2 million head processed in Q2. This was 4.2pc larger than final quarter’s document determine and 19pc larger than on the similar time final 12 months.
For the monetary 12 months, 27.5 million lambs had been processed, making the 12-month interval the biggest on document, and 25pc above the five-year common.
Grownup sheep
Sheep slaughter was down 2pc this quarter to 2.7pc, though final quarter the document was the very best since 2018. For the monetary 12 months, sheep slaughter lifted 19pc on final 12 months to 10.2 million head, which was the very best since 2008.
Mixed sheep and lamb slaughter for FY 2023-24 lifted 20pc from 2022-23 to 37.8 million head.
Supply: MLA
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