Fairfax Media Network

Weather News

Low cattle prices boost feedlot numbers

Neroli Roocke, Wednesday August 21, 2013 - 13:41 EST
ABC image
A tractor distributing grain to cattle in a Queensland feedlot. - ABC

Feedlot operators believe they've hit the peak of cattle numbers coming from regions in drought or unable to export.

The number of cattle on grain around Australia was 873,000 in the past quarter, almost 100,000 more than were in feedlots in the same period last year.

The number is also up 9 per cent on the March quarter.

While the increases in Western Australia (39 per cent) and Queensland (11 per cent) were attributed to the dry weather and trade problems, Victoria's 26 per cent increase was explained by lower grain and winter cattle prices.

Don Mackay, of the Lot Feeders' Association, says feedlots are at 73 per cent capacity overall.

He doubts that figure will climb higher, as cattle prices have risen slightly and grain prices are also increasing.

"The extremely low costs for cattle that followed the beginning of mustering in northern Australia following a very dry wet season made a big difference, but some of those effects are starting to be countered by grain costs."

The association says Darling Downs barley is up 49 per cent on this time last year, sorghum 57 per cent and wheat 39 per cent.


- ABC

© ABC 2013

More breaking news

Sydney Morning Herald
ABC News
National Nine News
News Limited

Display Your Local Weather

Weather News

Warming up in Sydney

10:34 EDT

The Sydney Basin's first 40C of the season will occur this week and the city could experience its warmest spell of December days in 17 years.

Warming up in Canberra

16:35 EDT

Summer has taken a while to get going in Canberra this year but the nation's capital will get its fair share of heat during the next week.

Heatwave breaking cool start to summer in southern Australia

12:40 EDT

Summer started out on a cool note for much of southern Australia, although a countrywide heat wave will send temperatures soaring this week.