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Sheepmeat Council : Sheepmeat 2014
4 SHEEPMEAT COUNCIL OF AUSTRALIA ANNUAL MUSTER 2014 2013-2014 Market Report Despite one of the best seasons recorded in recent history across many sheep producing regions over the past five months, the beginning of the year was quite the opposite, with large swathes of the eastern states registering 'below average' to 'very much below average' rainfall from July to December 2013. National lamb yardings from July to May 2013-14 totalled 9.2 million head, 6%, or 479,000 head more than 2012-13 and the highest national throughput recorded for the period. Correlating with the rise in physical market supply, eastern states lamb slaughter jumped 3% during the same period to 3.8 million head. Dry seasonal conditions at the beginning of the 2013-14 fiscal year saw national average saleyard trade lamb prices drop to 398¢/kg cwt during the peak turnoff period in November. More recently a combination of good growing conditions and strong demand on the back of tight global supply saw trade lamb prices surge, to average 584¢/kg during June. Supporting the late surge in saleyard prices, average national lamb indicators for 2013- 14 were all greater when compared with 2012-13. The average national restocker and light lamb indicators increased 19% each, to reach 431¢/kg cwt and 425¢/kg cwt, respectively.Trade lamb prices averaged 481¢/kg cwt, 23%, or 91¢, higher than 2012-13, while the Merino lamb and heavy lamb indicators jumped 24% and 26% year- on-year to 404¢/kg cwt and 500¢/kg cwt, respectively. National over-the-hook heavy trade lamb prices averaged 486¢/kg cwt during 2013-14, 20%, or 81¢ higher than 2012-13. Total lamb meat exports from July to May 2014 reached a record 206,496 tonnes swt, a 13% increase on the same period in 2012-13. The 2013-14 fiscal year-to-May saw a large increase in shipments to most international markets, with the US (38,493 tonnes swt, up 12% year-on-year), the Middle East (55,024 tonnes swt, up 2% year-on-year) and China (37,762 tonnes swt, up 22% year-on-year) combining to account for 64% of total Australian lamb exports. Similarly, a combination of larger export volumes and greater global prices has seen export receipts from July to April reach $1.2 billion FOB, $336 million, or 37% higher than the corresponding period in 2012-13. There was a 35% year-on-year increase in sheep saleyard throughput from July to May this year, reaching 4.4 million head, with a combination of dry seasonal conditions earlier in the year and more recently greater prices driving sheep turnoff. Consequently, sheep slaughter levels from July to April were up 28% year-on-year, with processors remaining fully booked for the majority of the year. The national mutton indicator averaged 265¢/kg cwt in 2013-14, up 41%, or 77¢ on the same period last year. In any given year seasonal conditions are some of the most significant factors when determining the overall performance of the sheepmeat industry. 2/186 Princes Hwy, South Nowra • Contact: 02 4423 5686 • Mobile: 0427 235 686 • www.egrtrailers.com.au Trailers for all situations -- manufactured to your designs Single axle ATV trailers from $1250 + GST CALL US NOW TO DISCUSS YOUR IDEAS!
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