Australian beef exports continue to boom, as the global beef supply generally is affected by low herd numbers and disease concerns. Demand from Australia’s top two markets – the US and China – has been on the increase, and domestically, the historically strong slaughter and a lower dollar are going a long way to filling that demand. With Australian beef export volumes at an all-time high for the year-to-May period so far, an increase in overseas prices offers plenty of positivity for when we pass peak supply.
