Market Morsel: Five year lull
Market Morsel
Department of Agriculture, Water and Environment (DAWE) live cattle export flows for September have declined to the lowest monthly figure seen since February 2017 and the lowest September flows in five years at just 51,152 head of cattle.
Total cattle trade flows reduced by 30% from August to September to sit at the bottom end of the usual seasonal range approximately 36% under the five-year average volumes for September. Across the three main destinations for Australian live cattle (Indonesia, Vietnam and China) declines in trade volumes were noted for September.
Trade Summary (Top Destinations)
- Australian cattle exports to Indonesia eased by 11% over the month to register 28,743 head. Flows to Indonesia sit at levels that are 30% under the five-year seasonal pattern for this time in the year, as outlined by the average trend for September.
- A noticeable downturn in cattle exports were noted for Vietnam with volumes of just 7,436 reported. September 2021 live cattle exports to Vietnam decreased by 67% to run at levels that are 10,000 head under the five-year average trend.
- Chinese demand for Aussie live cattle dropped 68% from August to September to see 4,100 head transported. Current volumes to China sit at levels that are 62% under the five-year September average.
