Australia will increase beef exports by 160 thousand tons in 2023

Growth will slow in 2024 and 2025, rising 1.8% and 0.8% respectively to fully mature at 29.6 million head and then taper off in subsequent years, Meat & Livestock Australia said in its projections published this week. Record retention of females for 15 consecutive months, coupled with above-average weaning rates, has led to an increase in calf production, which bodes well for supplies to increase substantially in 2023, both for replacement cattle as destined for slaughter.

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