Australia: Livestock and Products Semi-annual
Australian cattle numbers are forecast to rebound in 2017 to 28.8 million head due to an improved seasonal outlook and herd rebuilding. Pasture growth across Australia has encouraged a decline in slaughter rates although seasonal conditions vary by region. Low grain prices have lowered the cost of finishing cattle and boosted average weights. Nevertheless, beef and veal production is expected to decline to 2.04 million MT, and beef and veal exports are forecast at 1.35 million MT. Live cattle exports are forecast to fall to 0.8 million head due to supply constraints and lower demand. Post expects pig meat production at 0.395 million MT in 2017.
