outlook for meat
Post on 03-Jan-2016
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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 flockSheep numbers
Million
Proportion of ewes in flock
%
Lamb exports
ktChina
US
Other
Sheep meat prices
mutton
lamb
2010-11 c/kg cwt
Cattle slaughter & pricesSlaughter
‘000 head
Saleyard price (right axis)
2010-11
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, 2009-10
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
• 2011-12: – Saleyard lamb price: ▲ 4%– Saleyard cattle price: ▲ 5%
• 2015-16
• Sheep flock ▲ 73 million
• Cattle herd ▲ 28.7million
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