Trade

US beef price rally augurs well for grinding meat exports

There’s a more positive mood emerging in export beef trade circles this week, as a strong rally in US grinding meat prices lifts spirits somewhat, after what has been a particularly bleak trading period. Imported grinding beef prices have hit levels unseen since panic buying in the US in May last year, when up to 40pc of US processing capacity was knocked out due to COVID measures…Read More

Jon Condon, 13/04/2021

Holy Cow beef rinds turn cattle hides into snacks

Two business partners in the US have begun repurposing cow hides into a snack product…Read More

Beef Central, 13/04/2021

March beef exports hit ten-year lows

Continuing a trend seen since late last year, Australia’s March beef exports totalled just 83,438 tonnes – down 11pc year-on-year, and hitting a ten-year in-month low…Read More

Jon Condon, 07/04/2021

Modern-day ‘Suez Crisis’ disrupts world trade

The six-day blockage of the Suez Canal by the MV Ever Given is expected to put upward pressure on bulk and container sea freight as shipping lines factor in wait times for some vessels and lengthened routes for others…Read More

Grain Brokers Australia, 30/03/2021

React to real information, not perceived, Jason Strong tells NTCA

On a Thursday one year ago, at the start of the COVID pandemic, MLA received a phone call from an industry organisation asking “what on earth is MLA going to do about the survival of our independent red meat retailers, our butchers?”..Read More

James Nason, 29/03/2021

New owner for Qld’s Super Butcher retail chain

One of Australia’s largest independent red meat retail networks has changed hands. Queensland’s Super Butcher chain of five large warehouse-style stores has been sold by its owners, North Qld beef supply chain managers the McDonald family’s MDH Pty Ltd, to a Gold Coast based business identity…Read More

Jon Condon, 23/03/2021

End of COVID JobKeeper could further pressure meat processing and retail trade

Smaller red meat processors currently operating under COVID JobKeeper protection could come under additional pressure next month, as the Federal Government’s $90 billion jobs support package comes to an end. Domestic retail and food service demand may come under pressure for the same reason, trade sources suggest. ..Read More

Jon Condon, 16/03/2021

China’s beef herd to grow, on the back of high meat prices

Higher prices for all meat proteins in China as a result of the African-Swine Fever impact on domestic pork production is contributing to an expansion in China’s domestic beef production, a recent trade report has found…Read More

Jon Condon, 15/03/2021

Processors welcome Govt decision to extend airfreight export initiative

The Federal government’s decision today to extend the COVID airfreight assistance mechanism until the end of September this year has been welcomed by red meat processors and exporters.   ..Read More

Beef Central, 11/03/2021

Domestic wholesale market ‘awash’ with surplus export beef

Pressure is being applied to domestic Australian wholesale beef prices this week, as beef that was originally intended for export defaults back into the domestic trade. Many items, from barbecue cuts to trimmings, have fallen $3/kg in the past fortnight, as a domestic oversupply situation emerges…Read More

Jon Condon, 03/03/2021

February beef exports slump 28pc, year-on-year

Australia’s new season beef exports continue to trade at historically low levels, with total monthly shipments to all markets for February reaching just 66,818 tonnes – down 28pc year-on-year…Read More

Jon Condon, 02/03/2021

Woolworths restructures red meat business across Australia

Australia’s largest supermarket retailer, Woolworths, is restructuring its red meat business, forming a stand-alone division called GreenStock. The move is designed to better organise the company’s end-to-end meat supply chain, it said…Read More

Jon Condon, 26/02/2021

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