Outlook firming for meat markets worldwide

AUSTRALIA - The average saleyard price of beef is projected to increase with herd rebuilding, before easing gradually as additional supplies come to market. The outlook for lamb was similar, with average saleyard prices projected to remain close to recent levels.
calendar icon 7 March 2007
clock icon 1 minute read
"While the outlook for red meats is quite strong, the intensive livestock industries, pigs and poultry, are expected to be under pressure from relatively high feed grain prices," Ian Shaw, ABARE, told delegates at the Outlook 2007 conference during the "Meat: new market opportunities" session.

The session identified the drought is the primary cause of high grain prices in the short term, with US ethanol policies contributing to higher prices in the medium term.

"The demand for Australian beef is expected to remain strong over the next five years. Underlying this is the assumption that the current Japanese import restrictions on US beef will not ease in the near term," Shaw stated.

Dr Roberto Vazquez Platero, from the Uruguay meat industry, outlined his expectations for the industry, noting that in the first few months of 2007 about 70 percent of Uruguayan beef exports went to the United States. He expects larger shipments to continue this year and through the medium term.

"Uruguay is currently in negotiations with Korea and Japan for access to these markets. Brazil and Argentina will continue to try to gain access to the US market, and when successful, will also turn their attention to these north Asian markets," Platero said.

Source: Blue's Country Magazine
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