In this file:

 

·         Chinese beef demand shows no sign of slowing

… Total Australian beef exports continue to run ahead of last year, with October exports to China almost doubling last year's levels… This beef usually ends up in the US…

 

·         Chinese demand having global impact, but means opportunities for Australia: MLA

… with Australia's beef production forecast to decline in 2020, China will increasingly lean on other suppliers to meet their expanding needs…

 

 

Chinese beef demand shows no sign of slowing

 

Angus Brown, Queensland Country Life (Australia) 

23 Nov 2019

 

It is safe to say Australia is facing unprecedented demand for its beef.

 

Total Australian beef exports continue to run ahead of last year, with October exports to China almost doubling last year's levels.

 

China imported 30,724 tonnes of Australian beef in October (Figure 1). This was 93 per cent higher than October 2018 and 169pc higher than the five year average.

 

Over the last five years, China has taken between 9-14pc of our exports, and they are now our major market.

 

China is also buying plenty of beef from other markets.

 

Steiner Consulting recently reported that year to September New Zealand exports to China were up 70pc and Uruguay up 20pc.

 

This beef usually ends up in the US.

 

The positive impact of Chinese demand on price has continued and strengthened as we have moved into November.

 

US imported 90CL Frozen Cow beef prices jumped to a new record in our terms of 819/kg swt (Figure 2).

 

There are few prospects for increases in global beef stocks. It takes some time for cattle herds to build to a point where beef supplies can increase.

 

We know what is going to happen to Australian beef supplies if and when it rains.

 

As such, Steiner is reporting a level of panic buying in US and Asian markets as buyers can't see any reason for prices to stop rising, let alone fall.

 

What does it mean? ...

 

more, including charts [2]

https://www.queenslandcountrylife.com.au/story/6507115/chinese-beef-demand-shows-no-sign-of-slowing/

 

 

Chinese demand having global impact, but means opportunities for Australia: MLA

 

Farm Weekly (Australia) 

23 Nov 2019

 

Meat & Livestock Australia has released its latest analysis of the impact Chinese demand, due to the pork shortfall created by African swine fever, is having on global market dynamics.

 

The analysis indicates that with Australia's beef production forecast to decline in 2020, China will increasingly lean on other suppliers to meet their expanding needs.

 

To meet that demand South American suppliers are expected to continue building a presence in China.

 

Brazil

 

In September, 17 Brazilian processors were approved for export to China, and in October Brazil shipped 65,000 tonnes beef there.

 

Brazilian beef exports for the year-to-September are now up 11 per cent 2018, with traditional Middle Eastern buyers unable to compete against Chinese demand combined with a strong domestic market.

 

Argentina

 

Argentinian beef production is currently flourishing, albeit uncertainty surrounding future agricultural reform exists with the new incoming president.

 

Domestic prices for cows have just exceeded steers which highlights demand for manufacturing beef, which has driven slaughter levels in October to the highest point since 2009.

 

Export volumes to China are up 105pc on 2018 for the year-to-September making Argentina the top supplier of beef to China.

 

Uruguay ...

 

New Zealand ...

 

Impact for Australian markets ...

 

more

https://www.farmweekly.com.au/story/6506491/chinese-demand-having-global-impact-but-means-opportunities-for-australia-mla/