10 Beef and veal

• Published in: Agricultural commodity statistics pp. 66 - 74
• Main Author: Read, Alistair
• Format: Journal Article
• Language: English
• Published: Canberra Australian Bureau of Agricultural and Resource Economics and Sciences, ABARES 01.09.2023
• Subjects: Agricultural commodities; Availability; Beef; Cattle; Demand; Dipoles; El Nino; Exports; Pasture; Prices; Productivity; Slaughter; Supply & demand; Veal; United States > US; China; Brazil; Malaysia; Australia; Indonesia

Key points o Gross value of production to fall by 4% to $14.3 billion in 2023-24 driven by lower prices. o Domestic production volumes to increase as drier seasonal conditions reduce pasture availability and increase turn-off. o Global beef supply to increase slightly driven by rising beef productio...