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TAS Country : August 5th 2010
Friday, August 6, 2010 Tasmanian Country 19 Stock Report Young cattle indicator hits two-year high DEMAND: The top end of the market at both Quoiba and Killafaddy saw prices over 200c/kg. Picture: CHRIS KIDD market TALK Richard Bailey THERE is good news on the beef front, with the Eastern States Young Cattle Indicator breaking 360c/kg last week --- the highest level since October 2008. It is 11c/kg higher than last month and 16.25c/kg above this time last year. Obviously much of this figure is made up of yearlings sold in northern New South Wales and Queensland. In general terms there are some very good seasonal conditions through much of the eastern states. This is causing strong restocker competition, added to the feedlots, which have been very active in recent months. It is difficult to be know how this will affect our prices, but the word is that the processors are starting to see a shortage of all types of cattle, and that in itself will have an effect on prices, though Greenhams is having a main- tenance break in a few weeks' time. The top end of the market at both Quoiba and Killafaddy attracted prices over 200c/kg, with most year- lings at Killafaddy averaging 184c/kg liveweight. Cow prices are also very good, even though the value of the dollar has jumped back over US90c. In Victoria the heavy D4 beef cows averaged 154c/kg (148c/kg nationally), while medium-weight D2 cows are averag- ing 128c/kg nationally. Locally, there are very few cows in the markets, but most are selling very well and at Killafaddy this week heavy cows made 140c/kg and topped at $1071/head, while restockers are buy- ing many of the lighter cows. It was interesting to note that in the US cow 90CL beef is quoted at A355.4c/ kg compared with 329.2c/kg this week last year. It is a pretty similar story for most prices in the US. While still on cattle, the number of cattle on feed in Australian feedlots in the June quarter increased 6 per cent year-on-year to 790,722 head --- the highest quarterly result in three years. Grain prices and higher livestock prices are working against the feeders. so these results are very encouraging. Lamb and mutton markets continue to be very good, and in NSW there are some good numbers of new-season lambs, with a mild winter encourag- ing an early turn-off. There were a few more at Bendigo, which caters for most of the early lambs in Victoria, and we can expect to see numbers rising quickly over the next couple of weeks. At this stage prices look like they will be pretty good. Beef markets have herd the good news MARKETS: MLA's McRae is optomistic. With the majority of the cattle growing regions experiencing their best season in five years, many producers will be looking to re-build their herds.' BEEF exports are at record low levels. But it's not all bad news according to Meat and Livestock Australia's mid- year projections, released this week, which show producers are starting to rebuild their herds. According to MLA, the fluctuating Australian dol- lar has caused significant problems for exporters since the global financial crisis, and have underpin- ned low export volumes so far this year. MLA analyst Tim McRae said during the first four months of this year Australia exported 59 per cent of the total beef pro- duced, which was ''histori- cally low''. Australia last year ex- ported 64.3 per cent of beef produced, while Mr McRae said this year's exports were forecast at 63 per cent of production, with a re- covery to 66.5 per cent expected by 2015. While domestic beef con- sumption increased 3.3 per cent in 2009-10, to $6.8 billion, the retail price in- creased just 0.2 per cent due to the quantity of beef remaining on the domestic market. Lower production rates combined with the decline in exports have also played a part in the plateau in retail prices, Mr McRae said. While fluctuations of the dollar and the weight re- strictions placed on Aust- ralian cattle for live export to Indonesia earlier this year continue to restrict exporters, strong demand from the Middle East and a recovery in some markets --- such as Russia --- is expected to boost ship- ments particularly of box- ed beef, next year. The real turnaround in many of MLA's projections are due to the vastly im- proved seasonal conditions across most of Australia. ''In 2010, we expect Aust- ralia will export 900,000 tonnes of beef (shipped weight) however, next year we expect this to increase to 945,000 tonnes,'' Mr McRae said. This is a more optimistic figure than six months ago when Mr McRae said total exports would fall 5.7 per cent to 875,000 tonnes, how- ever the domestic market would still need to absorb another 25,000 tonnes this year. Live exports will also be back in 2011, but will re- cover by 2015. Mr McRae said the re- mainder of 2010 looked far more optimistic for beef than the January projec- tions. ''With the majority of the cattle growing regions ex- periencing their best season in five years, many producers will be looking to re-build their herds,'' he said. The Weekly Times Verdict expected on feedlot THE competition watch- dog will make an an- nouncement at the end of the month on Swift Aust- ralia's acquisition of Rock- dale Beef's feedlot and pro- cessing plant. The Australian Compe- tition and Consumer Com- mission has changed the report date several times after launching an inquiry in April into the proposed acquisition of the Japan- ese-owned Rockdale fa- cility at Yanco, NSW. Twice the ACCC has re- quested more information from Swift and Rockdale, altering the time-line for making a decision. Victorian Farmers Fed- eration livestock president Chris Nixon said the feder- ation was grateful that such a company could ''purchase these assets to keep them in production''. ''However, we do have an underlying concern re- garding consideration of market power,'' he said. Senator Bill Heffernan believes the ACCC should not approve the deal. ''I don't think Swift should buy it, and if they do they should divest themselves of something else,'' he said. The ACCC expects to make an announcement on August 26. The Weekly Times 2095362-100806 REAL ESTATE For Sale Bracknell Oakdale 200acs dark & sandy loams, improved pastures with irrigation, currently run as dairy, 2 houses. $1,250,000 Ph: Richard Von Stieglitz 0409 979 500 LIVESTOCK WANTED Lines of store cattle Ph: Mike Buckby 0408 174 980 Crossbred Heifer Yearling Calves $450 Friesian Hfr Calves 130kg $850 to $700 Dairy heifers wanted for Landmark Global Exports August / September bred dairy calves Kent Tyson 0428 318 272 Lines of Merino Wether Lambs Yearling Steers and Heifers Ph: Craig Waldron 0419 197 296 Real Estate Richard Von Stieglitz 0409 979 500 Rob Perkins 0418 130 979 Bob Shaw 0418 122 852 Roy Easton 0407 873 748 Merchandise Lee Jamieson 0457 524 238 Smithton 03 6452 1034 10A Marlborough Street, Longford Ph: 03 6391 2811 Fax: 03 6391 2209 w ww.landmark.com.au All prices are subject to GST unless stated LIVESTOCK FOR SALE DAIRY Grass Silage 60 Friesian/Jersey Xbred Hfrs to calf on 1st Aug $1000* 80 Friesian/Jersey Xbred Hfrs to calf on 1st Aug $900* 48 Friesian/Jersey Xbred Hfrs to calf on 1st Aug $900* 21 Friesian/Jersey Xbred Hfrs to calf on 15th Aug $900* 40 Friesian/Jersey Xbred Hfrs to calf on 1st Sep $900* *terms available Kent Tyson 0428 318 272 All prices are subject to GST unless stated
August 12th 2010