AUSTRALIA - In February, Australia exported almost 101,000 head of live cattle, up 29 per cent year-on-year and a trade worth A$103 million according to the Australian Bureau of Statistics.
Meat and Livestock Australia said that the trade has continued to increase following the record levels of 2014, with February marking the fourth consecutive month of year-on-year growth.
Indonesia remained the largest market, taking almost 47,000 head during the month, while Vietnam received over 35,000 head.
With the Indonesian market constrained to a 100,000 head quota in the first quarter (68,000 head were sent to Indonesia during the first two months of the year) of 2015, it was encouraging that the second quarter quota is at 250,000 head.
Strong Asian demand has translated into improved live export cattle prices. In February, light steers out of Darwin averaged 273¢/kg lwt, up 19 per cent year-on-year, while the same lines out of Townsville averaged 230¢/kg lwt, up 28 per cent (Landmark).
With more cattle turned off through live export and high numbers still being slaughtered across the country, the supply contraction, once the country finally phases out of drought, is expected to further support cattle prices.
TheMeatSite News Desk