Beef producers in Australia are in it for the long haul

Published 2024년 1월 7일

Tridge summary

Beef producers in Western Australia are facing significant challenges due to a drop in prices, limited kill space, and lack of feed, leading to a market down by 50 to 60 percent compared to the previous year. Despite these difficulties, producers are determined to adjust and fine-tune their programs, and have also seen a rise in global demand for Australian beef. Beef exports have increased significantly, especially to North America and China, with the potential for Australia to exceed its export quota to mainland China by the end of the year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

It has been a challenging 12 to 18 months for WA beef producers and many are predicting the pain isn't over yet. Producers have not only seen prices slip away from the record levels seen during 2021 and early 2022, they have also struggled to move stock due to limited kill space, while restockers have become gun-shy to buy store cattle, due to lack of feed and market uncertainty. The quick finish to the season and low feed reserves is now also playing on producers' minds. It is not an easy time to be in the industry, with rising costs - and the market is down more than 50 to 60 per cent on this time last year. One thing that can be said about WA cattle producers however - is they won't give up and throw in the towel. The market has been in this position before and it will be in it again - it is a matter of producers fine-tuning and adjusting their programs. Over the years producers have invested heavily in new genetics to improve their herds and this investment not only pays off ...

Source: Farmweekly