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News 270 views last update:6 Aug 2012

Australian feedlots are getting larger

The number of Australian cattle on feedlots increased 15 per cent over the December 2008 quarter.

With 719,000 cattle on feed, feedlot capacity increased to 59 per cent from 55 per cent. A lower exchange rate and lower feed prices are driving the trend.

Australia is the second-biggest global beef exporter by volume after Brazil, with exports of around A$4.5 billion annually. Exports account for about two-thirds of domestic production. Around one quarter of the cattle slaughtered in Australia are fed on grain.

[Source: Weekly Times]

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