Cattle market is in balance with price upside potential ahead
With the Bureau declaring El Niño is over it’s expected beef prices will be relatively stable in 2024 trading in a band between 600 to 750c/kg cwt The cattle market is sitting in a “state of balance” – with improved beef production waiting on an increase in demand – while an upside in prices is […]
Cargill facilitates methane emissions reduction verification for beef producers
SilvAir feed supplement helps the global beef industry move toward a reduction framework and for measuring methane emissions Beef producers are leading the way toward the future of sustainable agriculture and hold the ability to mitigate methane emissions that affect climate change. This opportunity has come about following Cargill’s partnering with TREES Consulting to develop […]
Beef cattle market remains strong as herd rebuilding kicks in
Local beef production is expected to rise in the second half of 2023 following two seasons of herd rebuilding Australia’s beef production is forecast to rise by 6% through the second half of 2023, with output to sit in line with the five-year production average, according to the latest Rural Bank report. This comes on […]
AACo strategy delivers near $20 million profit increase in FY23
Operating profit for AACo jumped to AU$67.4 million with a higher margin set at 21.5% from total revenue of AU$313.4 million In a year of plenty in the broadacre sector, the biggest cattle industry outfit, the Australian Agricultural Company Limited (AACo)(ASX:AAC) has released its fiscal year 2023 (FY23) results, announcing a 35% increase in operating […]
Cattle producers may have to contend with short term price drops
However the longer-term outlook is more positive as a decline in US supply could provide greater export opportunities Analysts are tipping cattle prices will remain under some downward pressure for the next few months, and for many, that’s simply a continuation of the steady decline seen in recent weeks according to Rural Bank. The Eastern […]
What to expect from agriculture in 2023 according to Rural Bank research
Rural Bank’s agriculture forecast for 2023 provides an in-depth perspective on supply, demand, and price outlooks for local agricultural sectors Strong production is forecast across most agricultural commodity sectors over the first six months of 2023, according to Rural Bank’s research into our major agricultural income sectors. And even though demand is expected to remain […]
What to expect from Cattle breeding in 2023 according to Rural Bank research
Favourable rainfall outlook in cattle regions means restocker demand is likely to remain firm as herd rebuilding continues while there is good pasture availability Australia’s beef production is expected to rise by 5% during the first half of 2023 but will remain well below average levels. This comes on the back of favourable seasonal conditions […]
US beef production decline throws up opportunity for Aussie producers
The US has become hungry for addition supply chains as many traditional world beef markets and their own domestic production declines The US is currently the world’s second-largest importer of beef after China, and is expected to be seeking beef supply from more global markets over the next three years, as its own domestic production […]
Global beef demand will depend on how much consumers will pay
As beef producers are challenged with higher costs the profit margin could dip if consumers baulk at paying even higher prices moving forward Global beef markets remain tight on strong ongoing consumer demand and constrained supply however headwinds are building that could see producers’ margins topple, according to a newly released report. Up until now, […]
Japan and South Korea key markets for Aussie beef into future
An industry report concludes Japan and South Korea will continue to be important markets for beef exports over the coming five years, with steady demand expected in both countries, according to a new industry report. The report, Uncovering the Value of the Japanese and South Korean Beef Markets, by agribusiness banking specialist Rabobank, says Japan and […]