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Market Insights, Exports, Beef

Australia’s beef outlook continues to be buoyed by international influences

A new global market update from Meat & Livestock Australia (MLA) reports that Australia’s market share in Japan and Korea is continuing to lift as the US emerges as the number one export destination for beef. Meanwhile, it also reports that all eyes should be on China’s economic performance, which could put pressure on international beef supply if it continues to decline.

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Market Insights, Sheep & Lamb

Sheep intensions survey points to ongoing decline in confidence in industry

Australian sheep producers’ confidence continues to be impacted by broader climatic and market conditions, according to the latest...
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Market Insights, Machinery

Tractor sales down in June, but good winter sales expected

Australian agricultural tractor sales fell 48% during June, with just over 1,300 units sold. This brings the year-to-date position...
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Cattle, Market Insights, Sheep & Lamb

Weekly lamb slaughter figures continue to break records

Weekly NLRS lamb slaughter continued to break records throughout 2024, tipping 500,000 seven times. Price disparities between mutt...
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Sheep intensions survey points to ongoing decline in confidence in industry
Australian sheep producers’ confidence continues to be impacted by broader climatic and market conditions, according to the latest Sheep Producer Intentions Survey (SPIS).
Tractor sales down in June, but good winter sales expected
Australian agricultural tractor sales fell 48% during June, with just over 1,300 units sold. Combine harvesters and balers have also been off to a slow start this year.
Weekly lamb slaughter figures continue to break records
Weekly NLRS lamb slaughter continued to break records throughout 2024, tipping 500,000 seven times.
Beef the best performing commodity in 2024: Rural Bank
Commodity prices, production and exports have broadly lifted in the first half of the year, with beef the standout performer in Rural Bank’s Australian agriculture mid-year outlook 2024.
Cattle carcase weights continue to rise
There has been an increase of 25% in cattle carcase weights over the past 30 years, equating to around 1% carcase weight increase each year, and that trend continued in the past quarter. 
Producer sentiment to steer cattle market in 2024: Rabobank
Australia’s cattle market is more exposed to changes in producer sentiment, as it sits in a “state of balance” – with improved beef production waiting on an increase in demand. That is according to Rabobank’s Australian Beef Seasonal Outlook 2024.
Light lambs stung by 162c/kg discount
The price disparity between light and heavy lambs has grown. Currently, the indicators are showing a 162¢ light lamb discount, the largest discount this year.
Slaughter numbers expected to bounce back towards record highs after Easter break
Processor activity has dipped from the record highs experienced before the short Easter weeks, but a strong interest from processors in a big yarding week bodes well for the continued high trajectory for slaughter figures. 
2024 Q1 Cattle Power Rankings: Who was buying and who was selling?
We look at how regions have been buying and selling during the first quarter of 2024. 

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