Cattle on feed for the April – June quarter increased 72,597 head, or 7.1% from the March quarter, reaching the unprecedented level of 1,089,072 head according to the results of the ALFA/MLA quarterly survey.
An increase of numbers on feed was recorded in all states apart from Western Australia, which saw a decrease of 36% to 25,668 head.
South Australia again indicated the greatest percentage increase of 14%, up 4,371 head from the March quarter, closely followed by Queensland which was up 12%, or 69,694 head.
ALFA President, Tess Herbert said that the results from the June survey reflected an exciting period in the Australian feedlot sector and supported an underlying level of confidence in the grain fed production system.
“Supply chains are continuing to recognise the importance that the Australian grain fed beef production system plays in enabling brand owners to meet the demand for high quality beef every day of the week,” Ms Herbert said.
“This longer term confidence in the sector is reflected in the level of capital works and expansion projects underway commercially, which has resulted in overall feedlot capacity reaching an all-time record of 1.26 million head,” Ms Herbert said.
“The record number of cattle on feed and increase in capacity reported in this quarter’s survey reinforces the underlying confidence the sector is experiencing at the moment,” Ms Herbert said.
“Recent seasonal conditions have impacted cattle and grain prices over the period, further demonstrating lot feeders’ resilience to ever changing market dynamics.”