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Industry Insights

Year-on-year growth for April Aussie beef exports

April 2024 beef export volumes from Australia remain solid with 105,367 tonnes swt reported as sent offshore for the month. The strength in total beef exports attributable to strong demand from the USA, South Korea and other destinations outside of the top four beef trading nations. April saw a slight 1% easing in volumes from March’s beef trade figures, but the March result was representative of very firm global demand for Aussie beef so a small easing isn’t anything to worry about.

Finance

Three men accused of $250,000 Kimberley cattle rustling

Three men accused of taking 306 cattle worth more than $250,000 and mustering them across a state border have been charged with stealing.The livestock theft at Louisa Downs in a remote part of the Kimberley region was reported to authorities in October 2022.Officers say the trio mustered the cattle by truck over the border to the Northern Territory.They also allege earth moving machinery was used to create a road between the Louisa Downs Pastoral Aboriginal Corporation station to the nearby Mount Pierre Pastoral Aboriginal Corporation station, where portable cattle yards were set up.Two helicopters and a ground crew on bull catching buggies were involved in the unauthorised muster over 12 days in October 2022, police say.In January 2024, officers discovered some of the cattle had been sold and exported following a search at a property along the Adelaide River in the Northern Territory.The cattle were worth more than $253,000 at the time and officers say part of the proceeds were deposited into bank accounts belonging to the accused men over several months.The two men from Fitzroy Crossing, 41 and 39, and a 42-year-old from the Northern Territory, 42, were charged with stealing in April.The Western Australians will face court on Tuesday while the other man will face court in July.

Property

Rabobank forecasts 'tempered' growth for Australian farmland prices in the year ahead

Rabobank has released its annual Australian Farmland Price Outlook, indicating that Australian farmland prices are poised for continued growth in the coming year, albeit at a slower rate.

Market Comments

Weekly Cattle Comments - Week ending Friday 10th May

This week's cattle comments comes to you from the AuctionsPlus team at Beef, 2024 at Rockhampton. While the industry gathered en masse in Queensland for the event, AuctionsPlus commercial cattle sales continued across the country.

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Featured Lots

Browse through the latest featured livestock listings.

150 Feeder Steers

FINGAL PASTORAL 100% Angus / Angus · 402.2kg live · 357kg live (min) · 453kg live (max) · 100% fat score 2 · 16 - 17 Months

c/kg L Assessed Published NE

J P BREWER 100% Angus / Angus · 259.1kg live · 22 quality weaned Angus steers By stud “absolute Angus” bulls Out of large framed “Te Mania” and “Absolute Angus” blood cows Weighing 272kg at assessment.

ROCKING CHAIR RANCH

· Bull · Angus · Sire: RCR ALAN · Dam: RCR IVY P9 · Thor has been a stand out calf from the start, with a beautiful temperament and impressive length. He possess strong masculine traits paired with a very deep consistently performing frame.

$/Head Described

ROCKING CHAIR RANCH

· Bull · Angus · Sire: SCHIFELBEIN ALLIED · Dam: RCR MADISON R14 · Tate is wide framed bull that has a powerful deep brisket paired with a clean slick coat. His sire is a curve bending double tick heifer ready bull with excellent growth and milk traits.

$/Head Described

Speriby North Pty Ltd

· Bull · Angus · Sire: AJC R542 · Dam: AJC Q284

$/Head Described

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