ABS data points to cattle herd destock and record lamb slaughter rates

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ABS data points to cattle herd destock and record lamb ********** rates

The *********** cattle herd is undergoing a destocking phase after the female ********** rate rose to just over 53 per cent in the June quarter, according to fresh data from the *********** Bureau of Statistics.

The ABS’ latest quarterly livestock ********** and meat production statistics showed the June quarter was the second consecutive quarter to have an FSR above the 47 per cent benchmark, which indicates a destocking ******* for the *********** cattle herd.

The FSR increase also coincided with a 17 per cent rise in cattle ********** overall.

2.1 million head were slaughtered in the June quarter — the highest numbers since 2019.

Meat and Livestock Australia senior market information analyst Erin Lukey said the FSR increased across the whole country.

“Thanks to four consecutive years that have allowed for rebuild and maintenance, the *********** cattle herd is high when compared to historic averages,” she said.

“Cow retention over this time has created a large female herd, which are now ready for turnoff.

“Saleyard prices remain well above year-ago levels, as strong demand for *********** beef in the global market helps to maintain confidence as production rises.”

The rise in cattle ********** has also led to a 14 per cent rise in beef production from the first quarter of this year, marking the largest quarterly beef production total since the second quarter of 2015.

Lamb ********** also lifted to 7.2 million head over the June quarter, marking Australia’s highest lamb ********** figures on record.

Combined sheep and lamb ********** rose 2 per cent from 2024’s first quarter.

“For the financial year, 27.5 million lambs were processed, making the 12-month ******* the largest on record, and 25 per cent above the five-year average,” Ms Lukey said.

Camera IconCombined sheep and lamb ********** rose 2 per cent from 2024’s first quarter, according to the ABS. Credit: Cally Dupe/Countryman

She said Australia’s sheep flock had changed “significantly” over the last 50 years.

“A move towards meat breeds, and more recently to shedding animals, has opened the door to a new way of production,” she said.

“The flock is operating in a new normal, with more lambs being grown, leading to more production.”

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