June Meat Market Update

June Meat Market Update

BEEF:

With just days away from Winter officially starting, it has hardly been recognizable here in South East Queensland, as clear sunny skies and mild temperatures prevail as the mercury goes into the mid 20s. The Bureau of Meteorology (BOM) is reporting some telling signs for the coming months, especially in the South West of the country where the forecast is for 30% chance of rainfall exceeding the median.

In Qld, they are predicting a 40-55% chance of rainfall exceeding the median average with the vast majority of the country to experience better than average temperatures for the season. This forecast weather will play an integral part of the re-herding phase of cattle numbers across Australia and prices overall, are set to remain steady as slaughter numbers in some sectors plateau.

To overseas news, right now the U.S. is gearing up for their grilling season with Memorial Day (29th May), Father’s Day (18th June), and the big one – Independence Day (4th July); all set to ramp up demand of steak and ground beef over the coming weeks. Currently, slaughter numbers are decreasing in the U.S. and carcase weights are declining, putting pressure on higher ground beef pricing. This may play out to a softer demand of trim overall. This will have a minimal impact on domestic consumption of beef, which does fall slightly in Winter.

Locally here in South East Qld, foodservice operators have reported slow, but steady trading, with spectacular Autumn weather adding to consumer confidence. With State of Origin about to begin for another year, and two of the three games being played in Qld, along with the promising weather forecast, there’s some optimistic signs for Winter.

And so, to this month’s specials – this month, we are showcasing a NEW and exciting brand on the market. The Green Oaks brand is one of many from the Phoenix Beef range, which is sourced locally from the Darling Downs. The product is reared on pasture and then Grain Fed and MSA graded. Free of any hormone growth promotants, the integrity of this product is assured and is sure to please the most discerning carnivore. From a family tradition, 174 years in the making, it’s certainly worth considering.

We have the Point End Brisket (#27200) which is perfect to slow braise, or slow smoke BBQ at $7.95/kg. If it’s a steak you want to try, why not go for the Green Oaks Whole Rump (#11908), which you can cut into any size to suit your menu. At $10.95/kg, it represents terrific value. For more details on these and other great beef specials, check out our June specials here.

LAMB:

Market pricing continues to surge forward, well ahead of the 2016 levels with the NTLI hovering around 660c/kg for heavy lambs. The driver here is export demand, and our nearest competitor; New Zealand, is taking lead with a 17% YTD increase, primarily driven by Mutton exports to China.  Unfortunately, we are now facing the full brunt of slaughtering numbers in short supply, with most cuts affected. At a time when roasting or braising cuts are about to come back into vogue, it’s not a good sign.

We will be monitoring the situation very closely and be scouring for any opportunistic buys that come along. Hopefully we will be bring better news in July.

PORK:

Not much change here from May, with a relatively buoyant market and a NEW advertising campaign by Pork Australia, supplies are moving along swimmingly. This month, we’ve decided to take advantage of the current market and offer you a great special on Pork Meaty Riblets (#28372) from Sunpork. At $9.95/kg, these are perfect for a steak combination – “Rib n Rump”, or just on their own as a lunch alternative? Just a warning though, that these will be loading out the door fast, so get in as soon as possible and order yours now.

We are also offering KR Castlemaine Boneless Pork Legs (#26272) at $6.99/kg, which are suited perfectly for any carvery or club roast. For all of the other specials for June, why not contact your MOCO representative today or our friendly Customer Service team on 07 3375 2000 to meat up your menu!

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