Australia's return to beef production

Published 2023년 2월 20일

Tridge summary

Meat and Livestock Australia (MLA) forecasts a rise in cattle population to 28.82 million in June 2023, leading to increased production and exports. In 2023, Australian beef production is expected to grow by 6.3%, reaching 2.11 million tonnes, with an additional 6.6% growth to 2.25 million tonnes in 2024. However, increased production hinges on hiring more workers to boost processing capacity. While exports to the US may increase due to reduced beef production, sales to China remain uncertain due to political tensions, nevertheless, there is an anticipated recovery in live cattle exports.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Industry organization Meat and Livestock Australia (MLA) predicts that rebuilding herds will lead to increased production and more exports. Australian experts assume that the cattle population in June 2023 will amount to 28.82 million heads. This would not only be 1.23 million more than the previous year, but also more than at any time since 2014. Much more slaughter cattle Further increases are expected in the coming years, but it also depends on weather conditions. Sufficient rainfall in Australia has recently provided a good basis for feed production, which, together with high producer prices, has accelerated herd building. The revival of production was already felt last year. In total, 6.48 million cattle were slaughtered, an increase of 2.7 per cent. compared to 2021 Now it's time to do even more. In the case of slaughter cattle, an increase of 8.3% is expected this year. to 7.02 million units, and in 2024 by 8.4 percent. up to 7.60 million units. With a slight decrease in ...
Source: Farmer.pl

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