Rural Bank Insights Update
The November update provides an analysis of production and pricing trends for Australian cattle producers. It provides producers with a timely overview of current trends and an outlook for the coming months. The highlights include:
- At the current export pace China could replace Japan as the highest value destination for Australian beef for the first time since records began.
- A deficit of animal protein in China, due to the African Swine Fever induced liquidation of the local pig herd continues to provide opportunity for Australian beef exports, and animal protein more broadly.
- Rain across Eastern Australia may see a temporary rally in prices, but substantial follow up rains required to shift the supply and demand fundamentals in the Australian cattle market.
Australian Cattle Annual Review 2018
The Australian Cattle Annual Review – developed by Rural Bank’s Ag Answers division – provides producers and industry with a concise analysis on local and international cattle production, prices, demand, exports, seasonal conditions and financial performance.
Australian Cattle Annual Review 2017
This year's Australian Cattle Annual Review has been released and forecasts cattle prices will ease during 2018 before stabilising at a level higher than the five-year average.
The Review finds that despite the Eastern Young Cattle Indicator (EYCI) averaging almost four per cent lower than the record high cattle prices recorded across all states in 2016, domestic and export demand for beef remains strong.
Australian Cattle Update August 2017
Ag Answers has released the August Cattle Update and after record breaking prices and tight supply in 2016, the report shows the Australian cattle industry is now sitting in a position not seen since 2014, with prices dipping below those seen one year ago and slaughter beginning to trend higher.
Beef exports for the year to May are trending below 2016 with volume down 11.8%. However a 2.8% increase in the dollar per tonne value has meant the value of exports is only 9.1% lower.
Australian Cattle Update January 2017
The latest Ag Answers Australian Sheep Update has been released, showing The Ag Answers Australian Cattle Update reports that Australian cattle producers have begun 2017 in a good position, with cattle prices remaining high despite a seasonal price decline in late 2016.
The January 2017 report provides producers and industry with a concise analysis of the Australian cattle sector.
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