Weak demand from both Indonesia and Vietnam has not had the expected affect on the northern Australian prices which have in fact risen over May, with the usual May/June supply flush not being seen this year, and favourable seasons meaning producers are in no rush to offload stock.
Infrastructure development is happening at breakneck pace in China, as the country readies itself for an anticipated start to commercially-significant volumes of live cattle exports out of Australia.
Weak demand from both Indonesia and Vietnam must soon start to put serious downward pressure on northern Australian feeder prices, Dr Ross Ainsworth writes in this week’s South East Asia market, exclusive to Beef Central readers.
Weak demand is increasing the pressure on Indonesian lot feeders with some discounting of slaughter cattle during March to as low as Rp39,500.
Years of hard work in establishing a foothold in the sometimes challenging China beef market has paid off for a progressive family-scale branded beef supply chain based in NSW. The Mackenzie family’s Macka’s Australian Black Angus Beef business recently hosted a visit by customers of China’s huge Alibaba online retail platform.
There appears to be a general sentiment that the “new” supply and demand equation which includes Indian beef has reached a point where the instability caused by Indian supply has now been factored into the market (after capturing about 50pc of the business) and is no longer a disrupter to current day to day trading.
One of the most interesting observations for January is the discovery of sales of low-priced frozen beef from Spain in Java, which has been selling strongly since arriving in December 2016.
Gina Rinehart’s grand vision for her rapidly expanding Australian beef cattle operations took further shape yesterday when the first product bearing her new commercial beef brand was despatched for export to a customer in China. Here’s what we learned at yesterday’s launch.
Elders has sent Australia’s first sea-bound shipment of live beef cattle to China under the new health protocol agreement for feeder and slaughter cattle.
A reduction in annual export sales for 2017 of about 50 percent is starting to sound more like a fair estimate in light of the impact Indian buffalo meat is having on slaughter cattle demand in Indonesia, writes Dr Ross Ainsworth.