Beef stock market forums australia

This section reviews the scope and recent history of the Australian Wagyu history to end Price indicatives by livestock type EG: Japanese Black breeding and feeding in Australia is dominated by crossbreeding, with a small fullblood segment expanding from a tiny base.

The last AWA population survey data appeared in the The Australian Wagyu Update in April , unfortunately removed from the web by AWA.

The impact of this will be assessable in Wagyu beef markets from This is not surprising given that there was no open market for fullblood feeders in Australia until , and most Australian fullblood herds have operated to an extent as genetics reservoirs for the crossbreeding industry.

Increased demand for FB breeding bulls decreases FB feeder supply, so tensions arise related to small scale. As feedlot procurement ceased, many F1 producers exited this segment and cleared stock with significant losses — especially of heifers. In September , Australian Wagyu production was reviewed by Jon Condon, veteran Queensland agricultural journalist and publisher of the successful Beef Central daily newsletter.

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Condon confirmed Wagyu resurgence, estimating live export of F1s to Japan at 20, head. AACo was identified as feeding 31, F1s, Stanbroke feeding about 10, and Rangers Valley about 11, AACo feedlots and Wagyu manager Greg Gibbons indicated the company was feeding about 34, Wagyu overall, which implies some were fullbloods.

However, since , just two surveys of Australian Wagyu on feed have become generally available, the first published by the Australian Lotfeeders Association ALFA with MLA in ; the second in The Australian Wagyu Update Edition 42, March , which AWA has unfortunately removed from web access. Australian Market Data Australian Wagyu Markets National Wagyu Breeding Scope Wagyu Feeding Industry Scope Australian Production Scale Indicators Seed Stock Markets Structural Evolution Feedlot Sector Volatility Currency Impact Futures Speculations National Wagyu Breeding Scope This section reviews the scope and recent history of the Australian Wagyu history to end In November , Wagyu-infused on feed at 61, head was estimated at 6.

Wagyu infused turnoff was estimated at 85, head per year. On 4 September , the Beef Central industry newsletter reviewed the Australian Wagyu feeding industry see article linked here.

This is despite unfavourable Australian currency fluctuation and continuing recession in many international markets. Australian Production Scale Indicators F1-Purebred for domestic feeding but mainly export marketing. As noted above, there were well over 50, F1s on feed in just three of the major feedlots in and overall numbers could be projected to exceed the previous peak around There was a slump in the GFC period.

Anecdotal reports then suggest less than 15, head exported in , but expanding in AWA sources predicted about 15, fullblood joinings in , suggesting an offtake close to head, given that FB bull sales were slow in this period.

Others are mixed in F1 feeding operations, and all are hampered by Australian industry inability to effectively differentiate FB and XB carcass quality performance.

Pricing for individual F1 feeders. Again there was a substantial slump in the GFC period. Pricing for fullblood feeders. Competitive liveweight pricing detail for fullblood feeders tends to be tightly held by individual buyers and producers with no publically available grids — vendors must speak direct with potential buyers. Relative profitability in Wagyu production is difficult to quantify but the sector is much more profitable than commodity beef.

AACo annual reports since have continued to throw positive light on the high relative profitability of Wagyu operations. Until the inaugural AWA Conference sale there had been no notable multi-vendor FB Black Wagyu seedstock sales in Australia since national herd commencement. The outstanding single vendor sale was held by Westholme Wagyu in , largely consisting of an F1-target sire catalogue and most likely stimulating the rush of new bull registrations evident from One or two successful single vendor sales from were much smaller; while equally few larger single-vendor offerings often met lack of interest, as assessed by AuctionsPlus post-sale sales result postings.

All of these catalogued largely F1 or cross-bred target animals. As a result, many small and medium scale fullblood producers opted for the lower risk strategy of selling FB males as castrates at relatively high feeder prices compared with commodity cattle pricing.

A resurgence in F1 production has created a shortage of F1-target sires, with very little availability by early Only anecdotal information is available in relation to historic clearance rates. A definite southerly trend in market sentiment. Structural Evolution A Giant Emerges: This changed with the purchase of the relatively substantial Westholme fullblood herd by pastoral giant, AACo.

According to ALFA, in AACo was then already the largest feeder of Wagyu. Following the acquisition, AACo was able to breed large numbers of FB Wagyu sires for crossbreeding over its broader herd and feeding in company feedlots. The company then claimed over 60, head in its Wagyu supply chain, and turnover of 30, head.

Befitting an ASX-listed entity, the AACo annual report and other recent results presentations provide startling insight into results possible from high value, premium production when compared with conventional northern pastoral operations. Conventional AACo beef product did not fare as well. In , Wagyu boxed beef returns appear to have been the principal catalyst in a major company turn-around.

AACo opened the first Australian feeder market for fullbloods in and continued purchasing through the darkest days of the feed price spike and GFC. Both heifers and steers are procured. Several competing feedlot operators, mainly Queensland-based, have subsequently become fullblood feeder buyers, including Macquarie Downs and JBS, with the southern Dairy Beef Alliance Security Foods entering the fullblood feeder market in High F1 prices in have resulted in some intermingling of F1 with FBs, purchased on the same grids.

Other fullblood producers are largely vertically integrated Blackmore, Mayura and there is an active custom-fed segment Maydan , where producers retain ownership of animals on feed and sell carcasses on a wholesale spot market.

Larger operators such as AACo supply significant quantities of own-bred bulls into its XB supply base. Feedlot Sector Volatility Because most Wagyu-infused beef is produced for export in relatively long feedlot programs, the segment is historically vulnerable to both feed price and currency fluctuation.

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In near-parallel with extreme US feed price spikes related to ethanol from , Australian feed grain prices spiked to record levels from as a result of prolonged drought. MLA reported that the Feedlot Sector indicators are released quarterly by MLA and ALFA.

As the Yahoo Basic chart below shows, this meant tough times for many Australian agricultural exporters up to late , but since then the decline in Australian mining has meant a currency decline and revival for agricultural competitiveness.

Futures Speculation As with any premium food commodity, the fortunes of Wagyu beef are linked to global affluence. And while beef itself is a declining red meat protein in some traditional markets due to price competition, demand is growing in many emerging economies.

Australia is a long-established leader in the eatability quest: Where this yields dollar premiums, so Wagyu genetics may be thrust into a new level of consideration. If Wagyu infusion is scientifically acknowledged to provide a better consumer experience and this is incorporated into commodity beef grading and pricing; and if Wagyu seedstock producers can offer crossbreeding genetics that maintain growth and carcass weights for grass-fed or short-fed production while enhancing MSA graded eating quality — then the sky is the limit for Wagyu.

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