Beef

  • Australia’s beef exports continue to gain momentum, with the growth in USA exports continuing to standout. Q1 2024 growth in exports to the United States is up 79.4% on Q1 2023 – this equates to a 30,000 tonne increase in demand to the U.S year on year.
  • The lift in U.S demand is expected to continue putting pressure on domestic supply, particularly on beef trim used for burgers, sausages, chipolatas & mince. U.S demand for loin cuts including striploins & tenderloins are also expected to pressure domestic availability.
  • On the domestic front, recent rainfall in parts QLD and NSW as well as public holidays appear to have impacted processing capacity and scheduling over the past few weeks, however East Coast processing numbers remain at around 130k per week.
  • Over the past few months, we have seen the Eastern Young Cattle Indicator (EYCI) return to levels last seen in March/April 2023, with feedback from primary beef producers indicating a sustained period of market pressure primarily due to export demand is expected throughout the back end of the year.

 

Browse Our Range Of Beef

Chicken

  • After the chicken shortages of 8-12 months ago, we have seen chicken supply normalise over the past few months.
  • We have introduced an Acacia Valley 250g and 300g Frozen Panko Schnitzel to the MOCO range on the back of the increasing popularity of our Acacia Valley brand.
Browse Our Range Of Chicken

Lamb

  • Following a drastic uplift at the start of the year in the lamb market due to higher-than-expected summer rainfall, the lamb market has stabilised in recent months.
  • We have seen some pressure come onto the availability of bone in lamb recently, which is traditional as the Southern Hemisphere heads into its colder months.
  • Our Sovereign Lamb Legs continue to be a popular choice on menus.
Browse Our Range Of Lamb

Pork

  • After a prolonged period of market volatility over the past couple of years in pork, feedback from primary producers is we are expecting a period of consistency moving forward.
  • Despite forecasts that supply may remain relatively tight towards the back end of the year, there is potential for relief on the horizon for selected cuts.
  • Heading into winter, we expect to see increasing demand for legs & shoulders.
Browse Our Range Of Pork