October 24, 2013

 

Australia's cattle prices increase with demand from Indonesia
 

 

Indonesia will import thousands of heavy cattle from northern Australia this week, as Australia begins to fill order for 75,000 ready-to-slaughter cattle by the end of 2013.

 

The extra demand from Indonesia and short supply of heavy cattle in the north have pushed prices to US$1.74/kg.

 

The chair of the Northern Territory (NT) Livestock Exporters Association, Kevin Mulvahil, says that it will be a busy fourth quarter for the live export industry.

 

Mulvahil added that sourcing heavy cattle is proving a challenge, and stations from across the north are helping to fill shipments.

 

"The dry conditions in the Territory have made it very difficult to source ready-for-slaughter cattle, so they're coming from deep within Queensland, the Kimberley (Western Australia) and the Northern Territory, and from a fairly wide range of producers."

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