YESTERDAY’S release of Australian Bureau of Statistics beef slaughter data provides the clearest signal yet that the national beef herd has moved back into liquidation phase, driven by rapidly encroaching dry conditions across large parts of eastern Australia.
Forty seven percent females in the makeup of any period of adult cattle slaughter is the theoretical tipping-point between herd contraction and expansion. ABS’s June quarter data released yesterday suggests female kills last quarter have in fact reached 48pc.
Mat Dalgleish
The trend is clearly seen in the graph below, produced…
