Australia: Beef cattle are on the rise again

Published 2022년 12월 23일

Tridge summary

Australian cattle markets are expected to have a pivotal year in 2023 due to the absence of La Niña for the fourth year in a row and declining slaughter numbers. Slaughter numbers have fallen 44% since 2019, reaching 4.23 million heads in 2022. Despite this, the cattle herd is projected to grow by 5.6% to 27.6 million units in 2022. However, challenges such as staff shortages, high cattle prices, logistical issues, pandemic lockdowns, and difficult meat sales are expected to limit Australia's full production potential in 2022. Additionally, the decline in US beef production due to drought and reduced calf numbers presents a potential opportunity for Australian exports.

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

Original content

Australian cattle markets are facing a crucial year in 2023, partly because there has been no La Niña weather phenomenon for four years in a row. Slaughter numbers continue to fall Therefore, the number of cattle slaughtered in Australia started in 2022 with 72,477 animals per week. The 100,000 slaughters per week were exceeded only three times in July and August. However, in the last week of November, 105,093 cattle were slaughtered, the highest number this year. The drought in Australia in 2019 prompted farmers to disperse their herds, bringing the annual number of slaughters to 8.5 million animals. However, that number has since declined due to La Niña bringing above-average rainfall. As a result, slaughters fell by 44 percent. to 4.8 million animals in 2021. According to the forecast, slaughters in 2022 are likely to continue to decline and amount to 4.23 million heads. Livestock increase by 5.6 percent. According to the Australian Bureau of Statistics, there were 24.4 million ...

Source: Farmer.pl