Cattle Prices Per Kg – The Australian government’s official commodity forecast expects cattle prices to fall in the coming financial year as the pace of herd and herd rebuilding, fueled by years of above-average rainfall, begins to slow.
The value of beef and mutton exports is expected to fall to $9.4 billion and $3.6 billion, respectively, as price declines offset increases in export volumes, the June ABARES Commodities Outlook report found. 2022 was released this morning.
Cattle Prices Per Kg
The rebuilding of herds and herds continues in many parts of the country, but the ABARES report suggests that the busy buying of the past 18 months is slowing down.
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Prices remain historically high for preferred cattle, but stock outside that category is now selling at an increasing discount, it noted.
“This suggests that demand remains strong, but graziers can now afford to be more selective in the livestock they buy,” the report said.
“Furthermore, the rebuilding of herds over the past 18 months has meant graziers are likely to find it easier to build their own herds, rather than buying cattle.
“Sheep flocks are further along in their rebuilding cycle. Successive years of restocking and favorable seasonal conditions are expected to result in high flocking, lambing and marking, which in turn is expected to produce a large crop of spring lambs.
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“The low cost of finishing a lamb and continued strong demand from breeders is expected to lead to an increase in the number of commercial lambs at the point of sale.”
The beef herd is expected to grow by 6 percent to 24.2 million head in 2022-23, while the sheep herd is expected to stabilize at around 69 million head.
As a result, red meat supply is expected to remain tight in light of continued strong global demand for red meat in 2022-23.
The main factors that pose a downside risk to global meat prices include logistical difficulties caused by restrictions on the movement of exports to and within China, and the expected declines in disposable income in developed countries due to a faster increase in inflation than wages.
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“However, this situation may force consumers to move from higher-quality processed meats to ground beef, particularly in the United States,” the outlook said.
The increased risk of disease introduction now that humpback and foot-and-mouth disease have been detected in northern Australia is a further source of uncertainty.
The 2013 ABARES models have been updated to determine that a major FMD outbreak in Australia across several states could cost more than $80 billion.
The ABARES forecast also assumes that there will be no significant policy change on live sheep exports in 2022-23, but notes that the new government has stated its intention to phase out sheep exports and that such an outcome changes the outlook for sheep prices in the next 12 months.
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In 2022-2023, the eastern market indicator is expected to remain unchanged at an average of 1390 cents per kilogram.
An outbreak of foot-and-mouth disease in South Africa and a subsequent ban on South African wool imports to China is expected to boost demand for Australian wool.
Like Australia, South Africa is heavily dependent on Chinese wool pressing, with 80 percent of South African raw wool exported to China in 2020-21.
It is unknown how long the ban will last, but China’s restrictions on South African wool are expected to support Australian exports for as long as it lasts. I went to Bandon Mart Monday morning and the first thing I noticed when I entered the town was a young guy holding two hurleys.
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Less than 24 hours after Cork’s crushing defeat by Galway, and after two weeks of GAA action that most in Cork would rather erase from memory, he clutched his two hurleys as if he were Teddy McCarthy himself.
One morning when a lad would have the right to knock his hurley off the side of the road, he stood erect and waited to receive Cork’s call.
Cattle industry marketing director Tom McCarthy calls such behavior “perpetual optimism” – and it’s very common in the beef industry. We are full of it.
With departure from the sports fields to the cattle fields, at Bandon on Monday, the supply increased.
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It was another day when an endless amount of dry cows seemed to appear in the ring.
Mart also had a good stock of bulls for sale, mainly of the Friesian breed. There were some big guys, some handy guys, a devilish devil, and even one guy announced that auctioneer Jonathan O’Sullivan had the cut. A neutered bull, if you don’t mind.
But if you were looking for a Friesian bull with standard pedigree with all the bits in good condition, a bull born in March 2014 weighing 585kg would have fetched you €1,250 last Monday.
The highest price of the day was paid for two heavyweight Charolais steers weighing 987kg; they earned €2,450 per capita.
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In Bandon, continental steers sold from €600 to €1,460 per kilo on Monday. Aberdeen Angus and Hereford steers ranged in price from €450 to €750 per kilo. Friesian steers at Bandon Mart sold from €350 to €645 per kilo.
Mart, after Monday’s livestock sale. Once a thrill seeker, I needed to find out more.
“Sellers went home from Kilmallock Mart smiling, and trade was described as fantastic,” explains Denis Kirby. “Eight to 12-month-old piglets are starting to appear here and they are earning up to €3.13 per kg.”
Kilmallock Mart had 1,100 shares on offer on Monday. Dry cows fetch €2.15 per kg here. Heifers sold to a top of €2.71 per kg. Oxen boiled up to €3.12 per kg.
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Looking at the dairy herd, a 3-year-old pregnant cow that jumped to a Friesian earned $1,260. A 6-year-old calving cow sold for €1,250. A 3-year-old calving since Friday made $1,200.
Looking at the am trade in Kilmallock, a 5-year-old Simmental cow and her Simmental heifer calf made €1,780. A 3-year-old Hereford and her Hereford bull calf sold for €1,440. A 6-year-old Shorthorn and her Charolais heifer calf earned €1,400.
Denis said: “As Monday is a public holiday we would like to ask sellers to have their cattle on the farm early.” I would heed his words, as I had seen the Kilmallock holiday sale last August.
In Macroom Mart last Saturday, dry cows sold from €170 to €830 per kilo. Hereford and Aberdeen Angus steers made €220 to €880 per kilo. Continental oxtails sold from €240 to €810 per kilo. Heifers sold per kilo from €300 to €690.
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“Extraordinarily high figures for the season, with these figures perhaps putting a little downward pressure on the price of a couple of lower quality lots,” was the report we got from Thurles mart market manager Martin Ryan after Monday’s cattle sale.
A small price reduction for lighter stores has also been noted by George Candler, Mart Manager in Kilkenny.
“The price of some shop oxen is 10 to 15 euros each, lower than last week.
“But maybe they should be. Friesian steers have attracted a lot more interest in recent weeks, with up to €2.50 a kilo being paid.
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“But there was a clear increase in the price paid for storage and cattle, this increase would be in the order of €10 to €20 per head compared to a week ago. The numbers are generally high for this time of year.”
Mart had 800 head of cattle for sale on Tuesday, with market manager Sean Leahy reporting a “steadier steer trade”, and on Tuesday shop steers made from $250 to $700 a kilo.
Sean reported a “good steady trade” for heifers, with shops making $250 to $510, and butchers making up to $880 a kilo.
Dry cows also saw a steady trade at Corrin, making from €700 to €1,570 each at the market in Fermoy.
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Market manager Tom McCarthy reported a major sale of stock at Skibbereen Mart on Friday, with 400 head of cattle on offer. Continental oxtails in Skibbereen made from €500 to €1,000 per kilo. Friesian steers in Skibbereen sold per kilo from €250 to €600. Aberdeen Angus and Hereford steers ranged in price from €400 to €750 per kilo.
Dry cows in Skibbereen made from €200 to €930 per kilo. Heifers sold on Friday from €430 to €800 by weight. Suckler stock in Skibbereen made from $1,100 to $1,580.
Finally, this week we go to Kanturk, where mart manager Seamus O’Keeffe gave us this report on the opening mart show and the season’s sales after Tuesday’s cattle sale.
“We had a big sale today for our Boherbue Co-Op Creameries sponsored show and the 2014 Autumn Piglet Sale. We had 210 piglets on offer, with buyers from all over the country. Top weanlings made €700 to €1,000 by weight.
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“The highest champion was a Belgian Blue bull weighing 515 kg, and this bull earned €1,525.
