Cattle and sheep prices may have plummeted since last year’s Gippsland Red Meat (GRMC) conference but two of Australia’s most respected red meat industry market analysts are predicting they will start to make a comeback in 2025, peaking in 2027, at higher than previous rates.
The headline act of the Gippsland Red Meat Conference held in Sale last week, Simon Quilty and Rob Herrmann, outlined the factors that have contributed to the slump including a domestic processing glut, referred to by Rob as ‘indigestion at the processing level’; China ‘choking on meat stocks’; drought in the US; and weakened Asian economies.
“The domestic female kill ratio is on the rise, having reached liquidation point recently,” Mr Quilty said.
“However, prices will go through a ‘holding pattern’ over the next year, with processors beginning to ramp up throughput in six to 12 months.”
IMAGE: Red meat market analysts, Robert Herrmann, Mecardo, and Simon Quilty, MLX, outlined the predicted fall, hold and subsequent rise of beef and lamb prices at the sold out Gippsland Red Meat Conference in Sale last week.
