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Australian Beef to US Rockets in September

03 October 2014

AUSTRALIA – Beef shipments to the US broke monthly records in September by 3,000 tonnes as US consumers continue to demand lean manufacturing beef.

US volume reached 47,238 for September, more than double last September, breaking a record set in July 2001, the Department of Agriculture in Australia has announced.

So far, volume is 120,000 tonnes ahead of last year and, according to Meat and Livestock Australia, is down to manufacturing beef buying, Australia’s main beef export.

An MLA spokesperson said: “This high demand for lean beef in the US is a key driver behind recent increases in cow prices, which have averaged around 160¢/kg lwt in saleyards through September, after trading as low as 113¢/kg lwt in May.

“Some of the other significant growth cuts in September included chilled brisket, cube roll, inside and tenderloin, and frozen shin/shank and knuckle. The US market remains primarily supplied with grassfed beef, which has so far made up 98% of Australia’s exports in 2014.”

 

TheCattleSite News Desk

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