It was a year of sharply contrasting halves for NSW meat processor Northern Cooperative Meat Co, which announced an $8.2 million profit after tax for the 2020 financial year to shareholders at its annual general meeting in Casino recently…Read More
Jon Condon, November 30, 2020
Hot, dry weather across large parts of northern Australia is pushing cattle to market in unexpected volume, leading to a sudden change in the supply/demand dynamic for slaughter cattle this week…Read More
Slaughter cattle supply out of Australia is not likely to recover significantly until at least 2022, investors were told during a JBS briefing following the tabling of the company’s third quarter financials earlier this week. Global beef processor JBS has bounced back from the impacts of COVID earlier in the year, reporting net revenues of R$70 billion for the quarter ended September, up 34pc on the same period last year and a new record for the company…Read More
Jon Condon, November 20, 2020
Direct consignment slaughter grid offers from Queensland processors have remained at record highs this week, but there has been little evidence of any real response in terms of cattle supply…Read More
Jon Condon, November 17, 2020
Thomas Foods International could start processing beef at its new greenfield South Australian abattoir site near Murray Bridge by early 2023, based on a project update provided by the company this morning…Read More
Jon Condon, November 13, 2020
Contrary to all expectations, processor direct consignment slaughter grids have risen to new record heights in Queensland this week, as the industry starts to think about some procurement breathing space around Christmas holiday closures. Competitive grids in Southern and Central Queensland this morning showed offers of 615c/kg on heavy cows, and 680c/kg on four-tooth grass steer..Read More
Jon Condon, November 10, 2020
Removal of workforce level restrictions on Victorian abattoirs and meat processors has been welcomed by the Australian Meat Industry Council…Read More
Terry Sim, November 9, 2020
While the general shortage of slaughter cattle is being blamed for an unusually early seasonal closure of one of northern Australia’s main export processing facilities this Friday, it is difficult to ignore the accumulated impact of live export operations in the region…Read More
Jon Condon, November 3, 2020
Direct consignment slaughter cattle offers from processors across eastern Australia have maintained their blistering pace this week, but there’s been little or no effect on supply…Read More
Jon Condon, October 27, 2020
For the first time in history, heavy cow prices in some Queensland processor grid offers have hit 600c in recent days, valuing a typical 320kg cull female at $1980, before grid penalties. The direct consignment slaughter market has been in a fluid state for the past week, with some grids correcting twice in the past seven days, typically up 10-15c/kg…Read More
Jon Condon, October 20, 2020
There was plenty of upwards movement in direct consignment processor grid offers across eastern Australia over the past week, with increases of as much as 30c/kg in some examples. The changes are entirely supply-driven, however, with big losses still being racked up by processors…Read More
Jon Condon, October 13, 2020
There were further rises seen in some Queensland direct consignment slaughter grid offers this week, as extreme tightness in supply continues to dominate the slaughter cattle market dynamic…Read More
Beef Central, October 6, 2020