Commodity market analyst Simon Quilty says the buoyant market is a result of a combination of local and global factors, from positive seasonal conditions and reduced herd numbers to international trade, African Swine Fever in China and the drought in South America.
Meanwhile, Mr Quilty says the coronavirus continues to affect both supply and demand in unprecedented ways.
“As uncertainty increases in global markets, such as Argentina’s 30-day ban on beef exports, China’s second wave of African Swine Fever or the closure of Indian buffalo into Indonesia – the opportunities for Australian beef producers increases each day,” Mr Quilty says.
“The questions producers are asking are what lies ahead, what are the biggest threats on the horizon and how sustainable are these current prices?”
For answers to these questions, producers are invited to join Mr Quilty on Wednesday, 23 September at 7pm when he presents the Peak Predictions webinar, providing his insights into the global meat market, local trends and future forecasts.
Mr Quilty is an independent meat and livestock market analyst with 30 years’ experience in the sector. He provides detailed analysis on meat and livestock prices, and the trends influencing key global markets.
Senior Specialist Sheep and Beef Tim Hollier said this event would provide farmers with an opportunity to hear expert market analysis from Mr Quilty on important issues including:
- Trends in Australian herd and flock numbers
- Local cattle and lamb price forecasts for 2021–22
- Influences on global markets including Indian buffalo, African Swine Fever in China and South American meat production
- Grass fed, grain and live market trends
- The Australia UK free trade agreement
- Consumer trends and alternative meat
Peak Predictions will be held on Wednesday 23 September, 7pm – 8.30pm.
Registration is required. Register online.
The Local Economic Recovery “On Farm Recovery Support Services” project is jointly funded by the Victorian Government and Commonwealth Government under the Commonwealth-State Disaster Recovery Funding Arrangements (DRFA)