AUSTRALIA - Australian grain-fed beef exports have had a very strong start to 2015, with shipments for the first two months 19 per cent above the five-year average, at 35,557 tonnes.
Underpinning the high export volume has been the expanded number of cattle on feed, with the weaker Australian dollar also assisting trade.
Meat and Livestock Australia said that encouragingly, demand from Australia’s largest grain-fed beef export market, Japan, has been particularly strong, with shipments for the first two months up 28 per cent year-on-year and 18 per cent on the five-year average, at 21,809 tonnes – with grain-fed volumes surpassing grass-fed. Further assisting Australia’s position into Japan recently has been the limited shipments of US product due to the west coast port trade disputes.
Exports to Korea haven’t started the year as strongly, with volumes back 12 per cent from last year’s level, at 4,967 tonnes, while the EU is relatively steady, at 2,292 tonnes.
Interestingly, while still at only very small volumes, grain-fed beef shipments to the US reached 1,912 tonnes - after the first two months – more than double the same time last year.
Australian grain-fed beef demand is likely to remain high over the coming months, especially given the where the Australian dollar is currently sitting and the forecast low US beef production.
TheMeatSite News Desk