Market Morsel: Dead or ah..live

| 8th June 2021 | By Matt Dalgleish

Market Morsel

Australian live cattle export volumes for April 2021 trekked sideways, up just 6% on the March levels to hit 59,396 head of cattle sent offshore. Current volumes are running nearly 27% under the levels shown by the five-year trend for April and illustrating how the tight supply environment and high domestic cattle prices are impacting offshore demand.

Average monthly cattle exports to Indonesia are 17% under the average seasonal pattern, meanwhile flows to Vietnam are 40% under trend. Chinese demand for Aussie cattle is the positive beacon this season with volumes since the start of 2021 averaging monthly levels that are 9% above the normal seasonal pattern.

The picture for live sheep export flows is even more dismal than cattle during 2021. Total flows for April dropped 47% from the volumes recorded in March to see just 65,488 head of sheep transported overseas for the month. During the 2021 season average monthly flows have been running 52% under the five-year average pattern.

Live sheep exports to Kuwait are running 26% below the five-year average pattern since the start of the season and there have been no flows to Qatar during 2021, which is keeping total sheep export volumes under pressure.

Tags

  • Live export
  • Live cattle
  • Live Sheep
  • Trade