If you're looking for the perfect example of a perfect storm in Australian agriculture, then look no further than the current high production of sheep, cattle and goats, and the already large volumes of meat in congested supply chains.

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There has been a noticeable lift in weekly lamb processing volumes across east coast abattoirs in the past two months.
The recent slide in Australian Heavy Steer pricing has seen the spread between the Aussie and US equivalent heavy steer widen to t...
Seasonal conditions across Australia are extremely patchy at the moment. Some areas are enjoying a good spring while dry condition...
For the first half of 2023, sheep slaughter is nearly 70% higher than the levels seen over the first half of 2022.
The spread between Australian and US equivalent Heavy Steer pricing has widened to the highest level on record.
It is important to keep a close eye on indications of soil moisture and pasture growth in your specific region as it may look vastly different to the national picture.
Increased turn-off of livestock into late spring and summer poses further downside risk to prices. Some much-needed rain at the right time would see supply held back and support prices.
United States meat producers are expected to begin limiting the amount of new supplies hitting the market, in an effort to guard against further margin volatility while warding off competition for consumer dollars.
The 25,761 tonnes of beef shipped to the US was the highest monthly volume since June 2020.
Lamb exports reached 31,779 tonnes shipped in August, the highest monthly export volumes ever.
Analysis of over 5,000 sale bulls points to a softer market with prices back 7% from July and back 32% from August 2022.
Rabobank's recent quarterly global beef report suggests declining supply and strong consumer demand in the US is driving cattle prices higher, while lower domestic beef supply has also held up prices in Canada and Europe.

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