JUST two or three weeks in the past, southern processor patrons had been nonetheless working vigorously in northern components of the nation securing slaughter cattle – however this week the reverse has began.
With hotter climate, an abundance of cattle has now appeared in components of Victoria, southern NSW and japanese areas of South Australia, with costs now making the 30-40c/kg freight invoice to get them residence enticing sufficient for Queensland processors to begin making purchases and reserving vehicles.
Including to that, Queensland processors are actually a lot tighter for native provide, as the massive runs of western and northern cattle come to an finish for the yr.
Cattle from as far south because the Carcoar area have been trucked north this previous week as the provision momentum shifts.
Grain harvest commitments have interrupted cattle provide in some areas this previous week, additional shortening up provide for some exporters.
October beef export statistics launched final week set an all-time record at just over 130,000t, reflecting the gradual build-up of processing capability that’s taken place since round mid-year.
Excluding week 41 (ending October 11, which was impacted by public holidays), the meat processing business has averaged greater than 142,300 head for the 4 weeks of October – the very best four-week manufacturing degree seen since December 2019, when the business was nonetheless furiously killing cattle attributable to drought. The business processed a further 65,000 head over the 4 weeks to the tip of October, in contrast with the identical interval final yr.
Barring climate disruptions, it’s establishing the ultimate quarter of 2024 as a the strongest beef manufacturing interval for the reason that fourth quarter of 2019.
Final week’s seven day nationwide slaughter remained excessive at 140,736, however the quantity included some public vacation impression attributable to Melbourne Cup Day final Tuesday. Because of this, Victoria’s tally eased by 3600 head, which if left intact, would have pushed numbers nearer to their current threshold round 145,000.m
Direct consignment costs regular
There’s been little proof of modifications to direct consignment provide costs throughout japanese and southern Australia over the previous seven days.
Some Central Queensland crops are already closely booked, saying they’ve solely per week or so left in kill areas earlier than 2024 season closures round December 14 or 21.
Reflecting present excessive throughput and robust spring cattle provide, there’s been no change in main Queensland or southern state slaughter grid provides this week, regardless of southern provide lifting significantly via the previous month of hotter climate.
In southern Queensland, over-the-hooks grids from aggressive export processors are this morning exhibiting 600-610c/kg for four-tooth steer with implant, and cows 530-540c/kg. Some crops within the area seem a bit of higher positioned than others for rosters into November.
Central Queensland charges are principally 10c behind these numbers.
In japanese components of South Australia, grids seen this morning are exhibiting 610c/kg on grass 4 tooth ox and 550c/kg on heavy cows, following some 20c/kg reductions again in late October.
Processors in southern areas of NSW have left grids untouched once more this week, with cows at present at 510c/kg and 4 tooth grass export steer no HGP on 590c.
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