Market Morsel: A Stubborn Female Slaughter Ratio
The female slaughter ratio (FSR) measures the percentage of female cattle processed as a proportion of total cattle slaughter. Australian Bureau of Statistics data for May shows that the FSR stubbornly refuses to soften recording the highest level this season at 56.9%.
- To signal a heard rebuild this ratio needs to be below 47%
- The annual average ratio for 2020 is nearly 54%
- The Victorian and South Australian FSR are both quite elevated, 14% and 29% higher than their respective average seasonal levels for this time in the year.
- The NSW FSR is 3% below the seasonal average trend for May, while the QLD is 8% above trend.