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10 November 2016
Northern indicators ease as cattle supplies lift

03 November 2016
US imported prices gain traction

01 November 2016
Lamb prices

27 October 2016
Recent media reports have suggested Meat & Livestock Australia (MLA) stated retail beef prices are set to soar over the next two years. Unfortunately, these headlines were not accurate and may have provided producers and consumers with an incorrect picture.

27 October 2016
Change in direction for US imported beef prices

25 October 2016
Lamb over-the-hook indicators lower as supply builds

20 October 2016
As has been the case over the last few months, trading activity on the US imported beef market remained fairly light this week, on the back of lower domestic beef prices and reduced offerings from overseas suppliers. According to the Steiner Consulting Group’s weekly report commissioned by MLA, some imported beef prices increased slightly this week – although mostly due to tight supplies, rather than stronger demand. The imported 90CL beef indicator lifted 3.5US¢ from week-ago levels, to 188.5US¢/lb CIF (up 5.2A¢, to 542.7A¢/kg CIF). Compared to the same time last year, however, the indicator is down 13US¢ (71.4A¢). An update from the US Bureau of Labor Statistics indicates that the US foodservice sector has had weaker sales and foot-traffic results over the last few months. Steiner Consulting believe this is likely to have contributed to lower demand for imported grinding beef, as the majority of imported beef is utilised in US foodservice. Australian and New Zealand beef imports remain limited and the reports suggests that the availability of South American beef is also expected to remain limited for the remainder of 2016. Now more than half way through the month, Australian beef exports to the US (as at 17 October) have reached 5,869 tonnes swt, and there is no doubt shipments will be considerably lower than October last year, at 22,072 tonnes swt (Department of Agriculture and Water Resources).

18 October 2016
Following the second wettest September on record and an early start to the northern wet season, the Bureau of Meteorology’s...

18 October 2016
Beef prices are at record highs and although good, there is industry uncertainty about the ramifications for beef businesses and...

13 October 2016
Trading on the imported beef market in the US continues to be fairly light, with limited beef supplies from Australia...