Tight supply unable to dent cattle on feed numbers

Tight supply unable to dent cattle on feed numbers

Beef
BUSY PLACES: Cattle on feed numbers remain over a million, despite the very tight supply and record market. IMAGE: Shan Goodwin

BUSY PLACES: Cattle on feed numbers remain over a million, despite the very tight supply and record market. IMAGE: Shan Goodwin

Aa

Cattle on feed numbers remain over the one million mark

Aa

Cattle on feed numbers remain above a million, despite a 54,559 drop in the July-to-September quarter to 1,119,093 head, according to the latest industry survey results.

The Australian Lot Feeders' Association and Meat & Livestock Australia survey showed all states recorded a reduction of cattle on feed, compared to the June 2021 quarter.

ALSO IN BEEF:

Queensland decreased by 18,328 head, or 2.6 per cent to 690,229 head, NSW decreased by 6.9pc and Victoria dropped 5.7pc.

South Australia recorded a modest decrease in cattle numbers on feed.

The largest percentage decrease in cattle numbers on feed was recorded by Western Australia, decreasing by 9,516 head, or 24.8pc, to 28,834 head.

Despite the numbers on feed falling on a quarter-by-quarter basis, there were 108,773 more cattle on feed nationally than there were in the September 2020 quarter.

ALFA president Barb Madden said it was pleasing to see the total number of cattle on feed remaining well above the one million mark and above year-on-year levels.

"Feedlots are operating at a utlisation rate above 75pc," she said. "This reinforces that demand for grain fed beef remains steady despite herd rebuilding activity and an environment of tight cattle supply. National utilisation is 7pc higher than September 2020 levels, demonstrating confidence in the production system in the face of continued tightening of supply.

"Turn-off of grain-fed cattle for the quarter broke 700,000, reaching 708,371 - the highest level since March 2020. The high turn-off of grain fed cattle emphasises the importance of the feedlot sector in assisting brand owners continue to supply high-quality Australian beef."

Steve Bignell, MLA market information manager, said lot feeders continued to receive strong demand for finished cattle.

"The Queensland 100-day grain fed steer over-the-hook indicator hit a new quarterly record in the September quarter, averaging 694/kg carcase weight," he said.

Start the day with all the big news in agriculture! Sign up below to receive our daily Farmonline newsletter.

Aa

From the front page

Sponsored by