BEEF production and slaughter statistics for the April-June quarter, released last week by the ABS, allow analysts to consider the industry’s medium-term trajectory, in light of new information.
One of the key figures for stakeholder participants to consider is the female slaughter rate (FSR), a technical indicator used to determine if a cattle herd is destocking or expanding. The indicator is very straightforward. If the number of cows and heifers slaughtered in a given period (expressed as a percentage of total slaughter) is higher than the long-run average (in this case, 47 percent),…
