Global factors ease pressure on local livestock feed markets
Strong international supply and mixed local conditions are shaping feed availability and grain prices for Australian producers.
April 2024 beef export volumes from Australia remain solid with 105,367 tonnes swt reported as sent offshore for the month. The strength in total beef exports attributable to strong demand from the USA, South Korea and other destinations outside of the top four beef trading nations. April saw a slight 1% easing in volumes from March’s beef trade figures, but the March result was representative of very firm global demand for Aussie beef so a small easing isn’t anything to worry about.
Compared to the volumes sent during April 2023 the current beef export levels from Australia are running 46% higher and even compared to the five-year average trend in trade volumes for April Australian beef exports are nearly 33% higher so it’s a pleasing result to see demand so strong.
A summary for the top four beef export destinations is outlined below.
Strong international supply and mixed local conditions are shaping feed availability and grain prices for Australian producers.
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