Outlook for Meat Bruce Bowen Manager, Agriculture & Food ABARES.

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Presentation transcript:

Outlook for Meat Bruce Bowen Manager, Agriculture & Food ABARES

Share of livestock production

Farm dependence on livestock 56% 47% 27% 33% 47% 54% 55%

Sheep flock Sheep numbers Million Proportion of ewes in flock %

Lamb exports kt China US Other

Sheep meat prices mutton lamb c/kg cwt

Cattle slaughter & prices Slaughter ‘000 head Saleyard price (right axis) c/kg cwt

Beef exports kt Japan US Korea Other

Japanese beef imports Australia Other US kt

Proportion of beef cattle sold for live export northern Australia,

Poultry and pig meat Medium term outlook Lower feed grain prices Per person consumption of poultry to increase Pig meat import growth to slow

Summary of outlook : –Saleyard lamb price: ▲ 4% –Saleyard cattle price: ▲ 5% Sheep flock ▲ 73 million Cattle herd ▲ 28.7million