News

Australian lot feeders report surge in cattle numbers and export growth

Frozen Bone-In Beef
Meat
Australia
Market & Price Trends
Published Feb 23, 2024

Tridge summary

The Australian Lot Feeders Association (ALFA) and Meat & Livestock Australia (MLA) are set to announce a 13% year-on-year increase in the number of cattle on feed in their Q4 2023 report, reaching a record high of 1,294,531 head. The report also indicates a slight increase in national feedlot capacity and utilisation rates. The surge in grainfed beef exports, particularly to China and Japan, has contributed to this growth. Interestingly, smaller feedlots accommodating less than 10,000 head have seen a 21% increase in cattle on feed, suggesting a market shift towards smaller operations.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The Australian Lot Feeders Association (ALFA) and Meat & Livestock Australia (MLA) are set to release their lot feeding brief for Q4 of 2023 next week. An initial analysis of the survey data indicates an increase in the number of cattle on feed during the December quarter, rising by 13% year-on-year to reach a record high of 1,294,531 head. Breaking it down state by state, NSW, SA and WA rose by 7.3%, 14.7% and 92.6% respectively, in the number of cattle on feed. Meanwhile, Queensland and Victoria experienced drops of 3.1%, and 2.2% over the same period, reflecting positive shifts in market conditions in most states. It is important to note that the increase in WA can be attributed to the seasonal nature of the western lot feeding sector, which typically peaks during the last and first quarters of the year. In terms of national feedlot capacity, there was a modest increase of 1.1% to 1.59 million head, coupled with a 1% rise to utilisation rates to 81.2%. This marks the fifth ...
Source: Mla
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