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Outlook for Meat

Outlook for Meat. Bruce Bowen Manager, Agriculture & Food ABARES. Share of livestock production. Farm dependence on livestock. 47%. 54%. 33%. 27%. 56%. 47%. 55%. Sheep flock. Proportion of ewes in flock. Sheep numbers. %. Million. Lamb exports. Other. US. China. kt.

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Outlook for Meat

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  1. Outlook for Meat Bruce Bowen Manager, Agriculture & Food ABARES

  2. Share of livestock production

  3. Farm dependence on livestock 47% 54% 33% 27% 56% 47% 55%

  4. Sheep flock Proportion of ewes in flock Sheep numbers % Million

  5. Lamb exports Other US China kt

  6. Sheep meat prices lamb mutton 2010-11c/kgcwt

  7. Cattle slaughter & prices Slaughter Saleyard price (right axis) 2010-11 c/kgcwt ‘000 head

  8. Beef exports Other Korea US Japan kt

  9. Japanese beef imports Other US Australia kt

  10. Proportion of beef cattle sold for live export northern Australia, 2009-10

  11. Poultry and pig meat Medium term outlook • Lower feed grain prices • Per person consumption of poultry to increase • Pig meat import growth to slow

  12. 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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