With two short production weeks this week and next caused by the Easter break, slaughter cattle demand softened this week across much of eastern Australia, and some processor grid offers continued to soften…Read More
Jon Condon, April 7, 2020
Eastern states cattle slaughter leapt a remarkable 17pc last week, despite continuing downwards pressure on finished cattle prices. There’s been some further downwards adjustments in slaughter cattle direct consignment rates, but mostly to align offers with other competitors in a deteriorating market, rather than pushing still lower…Read More
Jon Condon, March 31, 2020
The world’s largest meat processor, JBS has logged an adjusted pre-tax profit of R$19.9 billion (equivalent to about A$6.76b) in full-year financial results announced this morning, Australian time…Read More
Jon Condon, March 26, 2020
Queensland processor direct consignment grid offers came under considerable pressure last week, as further reports about export trade difficulty surrounding COVID-19 surfaced…Read More
Australian meat processors are working to minimise the risk of abattoirs being forced to close in the event of one or more employees testing positive to COVID-19…Read More
James Nason, March 18, 2020
Uncertainty over the impact that coronavirus will have on international meat demand is contributing to a dramatic 20-30c/kg decline on Queensland direct consignment grid offers this week, and up to 50c/kg in parts of NSW…Read More
Jon Condon, March 17, 2020
An acute shortage of slaughter cattle again this week is weighing heavily on processing operations, with last week’s eastern states beef kill reported by NLRS at just 116,920 head – some 23pc below this time last year…Read More
Jon Condon, March 10, 2020
Rates of slaughter dropped ten percent across eastern Australia last week, as processors put the cue back in the rack to try to weather the current cattle price storm by reducing throughput. The size of the reduction in processing activity was extraordinary, for a week that was impacted neither by public holidays, nor wet weather…Read More
Jon Condon, March 3, 2020
A deal is understood to be close over a change of ownership for the troubled Tabro Meats Lance Creek beef processing facility in Victoria’s South Gippsland region…Read More
Jon Condon, February 27, 2020
Direct consignment slaughter cattle prices in parts of southern Australia have lifted 20c/kg in the past week, drawing closer to rates being seen in Queensland as the rain effect continues to impact cattle prices and supply…Read More
Jon Condon, February 25, 2020
Larger beef processors are talking cutbacks on slaughter in coming weeks, as the effects of recent leaps in cattle price and short supply start to weigh more heavily on processor profitability…Read More
Jon Condon, February 18, 2020
More substantial rain across the eastern half of NSW and QLD in the past seven days has made beef processing a day-to-day proposition this week, with plenty of large export plants planning to cancel shifts due to challenges in accessing stock. Wet weather money is being splashed around, with one QLD processor’s grid this week offering an unprecedented 580c/kg…Read More
Jon Condon, February 11, 2020