Australian destocking phase – ABS
September 2024 Quarter data from the Australian Bureau of Statistics (ABS) suggests that Australia is in a destocking phase as the female slaughter rate is more than 47% and has been all year, sitting at 49%, 53% and 53% for March, June and September quarters. The number of cattle slaughtered in the September Quarter was also the seventh highest since the year 2000, seeing 2.241 million head slaughtered. The only period in the past 25 years that was higher was June 2014 through to September 2015 during the largest cattle destocking phase seen in recent history. But is Australia really in a destocking phase?
