Latest news with #MeatLivestockAustralia
Bloomberg
10-07-2025
- Business
- Bloomberg
Australia's Beef Exports to the US Surge Despite Trump Tariffs
Australia's total beef exports to the US rose significantly in June in the face of President Donald Trump's new tariff regime, which saw the American leader specifically single out Canberra for refusing to accept adequate red meat imports. Exports of chilled and frozen beef to the US jumped 23% from a year earlier in June, according to Meat & Livestock Australia data released on Thursday. Shipments in the first six months were up almost a third from a year earlier.
ABC News
08-07-2025
- Business
- ABC News
Australian sheep flock to shrink further with no recovery forecast until 2027
Australia's sheep flock is shrinking because of the drought and is not expected to recover until at least 2027. Meat & Livestock Australia (MLA) said farmers in Victoria and South Australia had been forced to sell sheep as feed became scarce. "We ask producers what the biggest impact is on their decision making and, overwhelmingly, it's the drought, especially in the southern states," MLA market information manager Steve Bignall said. A recent survey by MLA and Australian Wool Innovation (AWI) revealed farmers planned to decrease their female breeding sheep numbers by 9 per cent over the next 12 months. "We did see an intention for producers to drop both ewe numbers going forward for 2026 and wether numbers," Mr Bignall said. "Western Australia, South Australia and Victoria are driving that drop in ewe production." Recovery of the flock is not expected until at least 2027. "We had a drop in 2025, a slight drop [is forecast] in 2026, before in an increase in 2027 as seasonal conditions return to normal," Mr Bignall said. The decline in sheep numbers is contributing to record prices at the saleyards. A pen of heavy lambs sold for a national record of $435 a head in Bendigo in central Victoria on Monday, making it the fifth record broken nationally in the past six weeks. It just pipped the previous high set in Griffith, New South Wales, last month. Jenny Kelly from the National Livestock Reporting Service said the top pen of grain-fed lambs was from Swan Hill and the record created "a bit of excitement" among the crowd in Bendigo. "Seven pens of lambs made over $400 in this market," Ms Kelly said. "They were really impressive and sold very well." Ms Kelly said the high lamb price was supply-driven, with fewer lambs available this winter. The last of the autumn-born animals are moving through the yards, with up to six months until the spring-born lambs will be ready for market, increasing the desperation of abattoirs to fill orders. Supply has also dwindled because of drought conditions in southern Australia, and strong demand from overseas markets. "The spring run [of lambs] is going to be late because of the season and bad autumn, so processors have tough times ahead." The MLA and AWI survey showed sentiment among sheep farmers was improving, despite the declining flock and challenging weather conditions. "The low supply in winter drives prices up, but the levels that it has got to are extremely impressive," Mr Bignall said. "Prices for sheep meat are very high and that is largely the reason that sentiment is strong for the sheep meat sector."
Yahoo
25-06-2025
- Business
- Yahoo
Australia cashes in on record sheep prices as meat exports surge
By Peter Hobson CANBERRA (Reuters) -Australian sheep farmers are cashing in on record-high sheep prices, as rising global demand for lamb and mutton fuels a boom in exports from the world's top sheep meat supplier. Prices are likely to rise further in the coming years as production in New Zealand, Australia's biggest sheep meat export rival, stagnates, analysts said. "We've seen waves of higher and higher pricing as export demand and our market share has grown," said Matt Dalgleish, a livestock and meat analyst at consultants Episode 3. While there will be seasonal price volatility, he said, "until the underlying pressure of limited supply and strong growth in demand changes, there should be more good times ahead for Australian producers." Australia last year exported 702,000 metric tons of lamb, mutton and goat meat worth $3.6 billion, almost 200,000 tons more than in 2019, previously the biggest export year. Shipments in the first four months of this year were 10% higher than during the same period in 2024, Australian trade data show. Processors' need for animals pushed the price of heavy lambs to record highs of nearly A$11 ($7.14) a kilogram last week, up 50% from the same time last year, according to a national price indicator compiled by industry body Meat & Livestock Australia (MLA). China is the biggest importer of sheep meat. Other major buyers include the United States, Britain, the European Union and the Middle East. Rising incomes and populations are fuelling demand for sheep meat, and high beef prices, especially in the United States, are encouraging people to switch to lamb and mutton, Dalgleish said. Helping Australia take advantage of that growth is an ongoing decline in New Zealand's sheep industry. The two countries account for more than 80% of global sheep meat exports, according to MLA. The number of sheep in Australia grew in recent years, allowing farmers to better supply processors, but New Zealand's flock has shrunk every year since 2012, according to the country's statistics agency - something New Zealand farmers say is partly due to the conversion of grazing land to pine forests that earn carbon credits. "New Zealand is the other major global exporter," said Angus Gidley-Baird, an analyst at Rabobank. "Its production is stagnating or retracting. So any growth in global demand is Australia's opportunity for the taking." ($1 = 1.5399 Australian dollars)
Reuters
25-06-2025
- Business
- Reuters
Australia cashes in on record sheep prices as meat exports surge
CANBERRA, June 25 (Reuters) - Australian sheep farmers are cashing in on record-high sheep prices, as rising global demand for lamb and mutton fuels a boom in exports from the world's top sheep meat supplier. Prices are likely to rise further in the coming years as production in New Zealand, Australia's biggest sheep meat export rival, stagnates, analysts said. "We've seen waves of higher and higher pricing as export demand and our market share has grown," said Matt Dalgleish, a livestock and meat analyst at consultants Episode 3. While there will be seasonal price volatility, he said, "until the underlying pressure of limited supply and strong growth in demand changes, there should be more good times ahead for Australian producers." Australia last year exported 702,000 metric tons of lamb, mutton and goat meat worth $3.6 billion, almost 200,000 tons more than in 2019, previously the biggest export year. Shipments in the first four months of this year were 10% higher than during the same period in 2024, Australian trade data show. Processors' need for animals pushed the price of heavy lambs to record highs of nearly A$11 ($7.14) a kilogram last week, up 50% from the same time last year, according to a national price indicator compiled by industry body Meat & Livestock Australia (MLA). China is the biggest importer of sheep meat. Other major buyers include the United States, Britain, the European Union and the Middle East. Rising incomes and populations are fuelling demand for sheep meat, and high beef prices, especially in the United States, are encouraging people to switch to lamb and mutton, Dalgleish said. Helping Australia take advantage of that growth is an ongoing decline in New Zealand's sheep industry. The two countries account for more than 80% of global sheep meat exports, according to MLA. The number of sheep in Australia grew in recent years, allowing farmers to better supply processors, but New Zealand's flock has shrunk every year since 2012, according to the country's statistics agency - something New Zealand farmers say is partly due to the conversion of grazing land to pine forests that earn carbon credits. "New Zealand is the other major global exporter," said Angus Gidley-Baird, an analyst at Rabobank. "Its production is stagnating or retracting. So any growth in global demand is Australia's opportunity for the taking." ($1 = 1.5399 Australian dollars)
Yahoo
25-06-2025
- Business
- Yahoo
Australia cashes in on record sheep prices as meat exports surge
By Peter Hobson CANBERRA (Reuters) -Australian sheep farmers are cashing in on record-high sheep prices, as rising global demand for lamb and mutton fuels a boom in exports from the world's top sheep meat supplier. Prices are likely to rise further in the coming years as production in New Zealand, Australia's biggest sheep meat export rival, stagnates, analysts said. "We've seen waves of higher and higher pricing as export demand and our market share has grown," said Matt Dalgleish, a livestock and meat analyst at consultants Episode 3. While there will be seasonal price volatility, he said, "until the underlying pressure of limited supply and strong growth in demand changes, there should be more good times ahead for Australian producers." Australia last year exported 702,000 metric tons of lamb, mutton and goat meat worth $3.6 billion, almost 200,000 tons more than in 2019, previously the biggest export year. Shipments in the first four months of this year were 10% higher than during the same period in 2024, Australian trade data show. Processors' need for animals pushed the price of heavy lambs to record highs of nearly A$11 ($7.14) a kilogram last week, up 50% from the same time last year, according to a national price indicator compiled by industry body Meat & Livestock Australia (MLA). China is the biggest importer of sheep meat. Other major buyers include the United States, Britain, the European Union and the Middle East. Rising incomes and populations are fuelling demand for sheep meat, and high beef prices, especially in the United States, are encouraging people to switch to lamb and mutton, Dalgleish said. Helping Australia take advantage of that growth is an ongoing decline in New Zealand's sheep industry. The two countries account for more than 80% of global sheep meat exports, according to MLA. The number of sheep in Australia grew in recent years, allowing farmers to better supply processors, but New Zealand's flock has shrunk every year since 2012, according to the country's statistics agency - something New Zealand farmers say is partly due to the conversion of grazing land to pine forests that earn carbon credits. "New Zealand is the other major global exporter," said Angus Gidley-Baird, an analyst at Rabobank. "Its production is stagnating or retracting. So any growth in global demand is Australia's opportunity for the taking." ($1 = 1.5399 Australian dollars) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
