The Australian cattle projections June update is now released revealing the national cattle herd rebuild will proceed as a result of lower slaughter volumes and the continuation of strong seasons in most regions across the country.
Underpinned by an increasingly efficient and dynamic export market and resilient supply chain, this means that the Australian beef industry is well placed to capture opportunities as slaughter and production ramps up.
Key points from the report are:
- Slaughter numbers have been revised down to reach 6.15m head in 2022, driven by processor capacity and supply chain issues
- National herd rebuild to continue in its two-paced environment, rising nationally by 5.6% to 27.6m head in 2022
- Record carcase weights are forecast to offset lower slaughter volumes, production is forecast to rise by 4.5% to 1.97m tonnes.
The full report can be found here