Meat & Livestock Australia publishes a range of market intelligence updates each week relating to developments in domestic and export demand, red meat marketing initiatives and research and development programs. This a compilation of recent MLA articles with relevance to the beef and cattle sector from the past week.
Offal exports jump to China and Russia
Australian offal exports for the March quarter increased 6pc year-on-year, totalling 37,969 tonnes swt, underpinned by higher cattle slaughter, steady demand from Japan and significantly higher volumes to China and Russia (DAFF). More details click here
Brazilian beef exports to Hong Kong increase
Brazilian beef exports surged in the first three months of 2013, up 34pc year-on-year, to 250,546 tonnes swt, with exports to Russia, Hong Kong and Venezuela increasing significantly. More details, click here
Feeder cattle rates lower
Feeder cattle rates eased again this week, as the large supply of cattle continues to place downward pressure on prices. However, quality cattle are still available, with the majority of buyers being very selective in their purchases.
Annual Stanthorpe weaner sale
A large panel of buyers from south-east Queensland and northern NSW competed for an excellent quality yarding of 1850 steers and 450 heifers at the annual Stanthorpe weaner sale. More details, click here
Skin rates slide
Sheep and lamb skin rates declined this week, largely due to the decline in interest from overseas demand, especially from China and Europe. Crossbred and poorer skin styles have been the hardest hit, with the steady supplies through processing plants expected to keep pressure on prices.
US beef production forecast lower in April
US meat and poultry production for 2013 has been forecast lower in April, reflecting reduced corn use for feed and residual usage in 2012-13. More details click here