Has cattle herd begun to destock?
newscatcher
2023-08-25 02:38
Has cattle herd begun to destock?
Key points: Q2 ABS data shows a female slaughter rate (FSR) of 48%, above the long-term average of 478% Seasonal variation in slaughter patterns means that the FSR in Q2 is usually higher than average A more consistent trend will need to be established before making conclusions about the herd. Production and slaughter statistics for the April-June quarter, released last week by the ABS, allow us to consider the industry's medium-term trajectory in light of new information. One of the key figures for stakeholder participants to consider is the female slaughter rate (FSR), a technical indicator used to determine if a cattle herd is destocking or expanding.

https://www.miragenews.com/has-cattle-herd-begun-to-destock-1072016/

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