Tridge summary
In February, Australia's live cattle exports experienced mixed results, with a notable decrease of 62% in shipments to Indonesia, which continues to struggle with disease and high input costs, and falling demand. Despite these challenges, China emerged as a dominant market, absorbing 55% more cattle than the five-year average, marking a significant increase in its market share. Vietnam, recovering from a dip in 2021, showed a notable rise in its import of Australian cattle, despite an overall decrease of over 50% in the past year. The Philippines and Malaysia also made modest purchases, with the Philippines resuming imports for the first time since 2020. Overall, the balance of the global market for Australian live cattle remains in flux, with each market presenting unique opportunities and challenges.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Live cattle exports to Indonesia did pick up somewhat in February, with close to an extra 4500 head sold there then February. However, the February total was still a whopping 62% below the five-year average for the month, which with more than 40% of the market share makes up for much of the total trade dip. According to Meat and Livestock Australia, this brings live cattle numbers sent to Indonesia in the past 12 months 16% lower year-on-year. As we’ve previously mentioned, the current challenges for lot feeders in Indonesia of disease and high-cost inputs are impacting trade, however, there are now also strong reports of falling demand due to the availability and lower cost of frozen imported beef and buffalo. China was the other main market in February, receiving a shipment of live breeder cattle from Australia, putting the month 55% above the five-year-average numbers. Despite this, their year-to-date total is still down by more than half on 2021. China increased its market ...
Source: Mecardo
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