Beef exports are running high
AUSTRALIAN beef exports surged to record highs in May following a dry-induced increase in supply across the country, based on Meat and Livestock Australia data.
In fact, at 109,700 tonnes swt, the month was Australia’s second largest May on record, only surpassed by May 2015 during the middle of the drought-induced herd liquidation. Exports were up
24 per cent on April’s figures and 15 per cent higher than May last year.
Eastern states cattle slaughter highlights the increases in turn-off being seen across the nation with cattle slaughter in May totalling just over 580,000 head, an increase of
10 per cent year-on-year.
This brought the year-todate total to 2,690,000 head, up 8 per cent on 2017.
Most key export destinations experienced some level of growth, bringing the year-to-date total to 435,600 tonnes swt.
This year-to-May total is Australia’s historic third largest start to the year, behind both 2014 and 2015.
EXPORTS UP: 2018 May sales are at a three-year high, according to MLA-released data.