Australia: Record farmgate returns revealed
The MSA program, established by Meat & Livestock Australia (MLA) in 1998, has topped the previous record for estimated additional farm gate returns, up to $326 million from the previous record of $259 million.
David Packer, MSA Program Manager, said the results are a direct result of:
"In the past year, more than 3.88 million cattle were presented for MSA grading through 42 Australian MSA-licensed beef processors - the most cattle ever consigned.
"This equates to over 50% of all cattle slaughtered in Australia, with 3.64 million cattle meeting the minimum MSA requirements", Dr Packer said.
MSA beef highlights
Below are some of the highlights for 2023–24:
MSA sheepmeat cuts-based model moves closer to commercialisation
Over 2.37 million lambs followed MSA pathways through 14 MSA-licensed processing facilities across NSW, SA, Victoria and WA.
The MSA sheepmeat cuts-based model has continued to move closer to commercialisation. Through various supply chain activities, there has been a better understanding of eating quality variation in commercial supply chains and brand examination opportunities.
"A number of processors have now been able to trial higher eating quality lamb, in both domestic and international markets", Dr Packer said.
"Their aim is to understand consumer sentiment and willingness to pay for eating quality consistency, providing opportunity for branding of Australian sheepmeat underpinned by eating quality and grading".
The role of myFeedback
MLA launched myFeedback, an online platform designed to assist producers in making data-driven decisions on-farm, in 2023. The platform is centred around improving carcase value attributes of eating quality, lean meat yield and health of livestock, in line with market requirements.
Through collating all the data, producers can more accurately benchmark their performance.
"myFeedback is being seen as a valuable source for producers and those in the industry to access MSA grading and carcase data in one place.
"This is an expansion to now include animal disease and defect information from participating processors, allowing producers to assess all outcomes that drive performance and carcase value, and identify opportunities for the future", Dr Packer said.
JBS also recorded EBITDA of R$9.9 billion , compared to R$4.5 billion recorded in the s...
Year-to-date slaughter is tracking 27% above last year’s figures, suggesting that annual go...
With 38 votes in favour, one abstention and none against, the Senate approved the agreement that ...