New post September Market Report : S.E. Asian Beef Industry

On Fri, 18 Oct. 2019, 22:06 Southeast Asian Beef Market Report, <comment-reply> wrote:

Dr. Ross posted: "70th Edition : September 2019.

Key Points

China slaughter cattle prices jump another 10%. Indonesian government issues new decree for breeding females. The African Swine Fever disaster extends to South Korea and East Timor.

Indonesia : Sl"

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New post on Southeast Asian Beef Market Report

September Market Report : S.E. Asian Beef Industry

by Dr. Ross

70th Edition : September 2019.

Key Points

  • China slaughter cattle prices jump another 10%.
  • Indonesian government issues new decree for breeding females.
  • The African Swine Fever disaster extends to South Korea and East Timor.

Asian Slaughter Sept 2019

Indonesia : Slaughter Steers AUD $4.17/kg live weight (Rp9,600 = $1AUD)

Slaughter cattle prices were weaker this month with the September range from Rp39,500 to Rp40,000 per kg live weight. I have used Rp40k as the indicator rate for September with this price predicted to weaken further in coming months as the huge import numbers from June (60k) and July (78k) are presented to the market for sale. Preliminary reports of feeder import numbers for September indicate that the volumes are finally dropping back to more sustainable levels of around 40,000 head per month.

On the 31st of July the Minister signed a new decree which supersedes the previous 1 heifer for 5 feeder requirement. This new decree requires importers to import heifers at a rate of 5% of their feeder cattle import recommendation. I am advised that many senior staff within the Ministry of Agriculture were not advised of this new decree until the end of September or early October. Naturally, there is a great deal of confusion about the details of how this will work and also what impact a change of Minister might have. Later in October the President elect will be formally confirmed as President and then appoint a new ministerial team. The usual arrangements are that all Ministers and department heads are replaced so we will probably have a new group of policy makers before the end of this month. The representatives of the feeder cattle importers have already expressed their opposition to the new decree and are probably hoping that a new Minister and Director General might reconsider the details once they are appointed. Will this new decree be confirmed or modified/rejected by a new Minister? What is the status of the penalties (no import permits for one year) for those who failed to comply with the old 1/5 requirements? What are the penalties for importers who fail to comply with the new 5% requirement? Etc.

A requirement of 5% or 1 heifer for every 20 feeder cattle imports is obviously much less onerous than 1 heifer for every 5 feeders but the fact remains that lot-feeders have little or no interest in breeding cattle. Importing feeders is a moderately profitable business if the operator is efficient but the profit margins are not so high that they can subsidise large losses on breeders. If we assume that the annual total feeder imports will be say 600,000 spread across about 20 active importers then each importer will average 30,000 feeder imports which translates at 5% to a requirement of 1,500 heifers each @ guess $1500 landed or a total investment of $2.25 million. When the drought breaks in northern Australia this wet season, breeding heifer prices will rise by at least 50%. Almost every producer in the Northern Territory will keep every heifer they have to replace their depleted herds so numbers for sale will be insignificant. Queensland may have some more available but their situation will be similar if their drought breaks too. Even if the Indonesian importers were happy to purchase the 30,000 heifers to meet their 5% target, the chances of them being successful given the post drought high prices and low supply are negligible so they are once again back where they started – unable to comply with their government’s requirements.

Brazilian frozen beef imports are still in the pipeline but I am advised that there may be further delays in delivery as additional inspections and approvals of slaughter facilities will be necessary before final halal certification is completed.

In the meantime, it appears that Indian buffalo supplies are adequate for the market’s needs.

Photo 1_ Psr.Modern Wet MarketPhoto : Pasar Modern wet market in BSD City, South Tangerang. This “Modern” wet market is an initiative by Tangerang and other regions to upgrade smelly and dirty old wet markets to make them much cleaner and more attractive to consumers. This one is very successful as you can see.

Vietnam : Slaughter Steers AUD $4.62 / kg (VND15,800 to $1AUD)

Demand from Vietnam remains strong with port of Townsville being the main focus of most exports due to the good supplies of suitable cattle available in the surrounding regions. Slaughter prices have remained steady at an average of Dong73,000 per kg live weight for heavy steers. Prices for locally bred cattle have increased significantly as a result of the shortage of pork but Australian cattle access is restricted by ESCAS so this has tended to hold their prices steady. North Queensland have a large supply of slaughter cattle which fit the Vietnamese requirments as well as a number of feedlots where lighter cattle are now being fed for up to 60 days to ensure that sufficient quantities of the minimum 500kg live weight export steer is always available.

China : Slaughter Cattle AUD $6.71 / kg (RMB 4.84 = AUD$)

The average slaughter prices in both Beijing and Shanghai have shot up once again from Y29.1 per kg live weight in August to Y32.5 in September, an 11% rise adding to the rise during August of about 5%. Pork prices were steady in Beijing but rose by almost 5% in Shanghai during September. It won’t take much more of a lift in the price of slaughter cattle to crash through AUD$7 per kg live weight. Wet market beef prices are rising faster than supermarket prices so this will put increasing pressure on demand for live cattle to slaughter locally.

The big question is how will the world protein market manage the massive shortfall in annual demand of more than 10 million tons of pork that will be missing from Chinese production plus the additional shortfalls developing in Vietnam, South Korea and other large pork producers infected with African Swine Fever (ASF). Demand will switch to chicken, fish and beef which will in turn put pressure on their supply chains. Millions of tons of any of these products cannot simply be produced overnight so there will be huge gaps in supply and demand will largely remain unfulfilled regardless of how quickly producers try to respond. Broiler production systems take a long time to establish, new grain crops need to be grown, fish stocks are already stretched to the limit and beef cattle growers take an eternity to expand their production capacity. The only possible outcome is a massive world-wide shortage of protein for at least two or three years at the absolute minimum. Prices of all protein must rise and a large number of consumers must simply miss out. With consumers all over the world negatively impacted one way or another, politicians will no doubt get involved and where that leads is anyone’s guess. A world short of food can become a very dangerous place.

Photo 2_Beijing SupermarketPhoto : Beijing supermarket pork Y35-54/kg = AUD$7.23-$11.15 per kg.

Philippines : Slaughter Cattle AUD $4.89 / kg (Peso 35.4 to AUD$1)

No change in slaughter prices this month although the market generally remains buoyant. See the comments below from my agent in the Philippines explaining how food consumption is rising across the board. “Another detail which was pointed out to me at some of the wet markets was that vendors are "finish selling" their daily inventories "well before" the usual closing time. No left overs… If you are late at the market, the fruits are gone.”

ASF outbreaks in the Philippines have spread around the main island of Luzon but have so far been prevented from spreading to other parts of the island chain.

Thailand : Slaughter Steers AUD $4.38 / kg (Baht 20.8 to $1AUD)

Slaughter cattle prices have slipped during September to around Baht 91 per kg as supplies of finished cattle on hand are in excess of local demand. This situation has arisen as local lot feeders had stocked up ready to supply the new quarantine stations (Myanmar side) and abattoirs (Chinese side) expected to be established on the Myanmar/China/Mekong River border area but the opening has been delayed so these excess numbers have been discounted to keep them moving through the local Thai supply chains. Feeder cattle prices are still quite high at 110 Baht/kg live weight (AUD$5.29) which is very encouraging for future potential live exports from Australia. ESCAS regulations won’t permit Australian cattle imported into Thailand for re-export to China but large numbers of “new” feeders will be required to fill the gap in local slaughter cattle supplies once the new Chinese abattoirs start to take significant numbers.

Photo 3_Map from FAOMap from FAO : ASF update as at 3rd October 2019 showing new outbreaks reported from 26th September until 3rd October in dark red including South Korea, the Philippines, China, Russia, Myanmar, Cambodia, Laos, and Timor-Leste.

Photo 4_Bison Strip Loin HonoluluPhoto from my sister Lynn from Honolulu : Bison strip loin selling for USD$50 per kg or AUD$74.

Photo 5_Whole Food in HonoluluWhole Foods in Honolulu, locally produced grass fed bottom round for USD7.99 per kg or AUD$11.75.

Hong Kong

Hong Kong is one of the most expensive places in the world in any context from hotel rooms to food and real estate. Beef is no exception. See the selection of beef below from around the world at the “City’s Super” supermarket chain. This is obviously the top end of the market but even the cheap product is still very expensive by Australian standards. Locals on a budget eat imported frozen Brazilian beef.

Photo 6_Aussie Grain Fed Angus Rib EyeAussie grain fed Angus Rib Eye @ AUD$152 per kg. (using$1 HK = .19 $AUD)

Photo 7_ US Prime Angus Rib EyeUS Prime Angus Rib Eye @ AUD191.90 per kg.

Photo 8_ British Rib EyeBritish Rib Eye @ AUD$228 per kg.

Photo 9_Korean Hanwoo StriploinKorean Hanwoo Striploin @ AUD$446.50 per kg.

Photo 10_ Aussie Grade 9 Wagyu Rib EyeAussie grade 9 Wagyu Rib Eye @ AUD$315.40 per kg.

Photo 11_Japanese A5 Wagyu StriploinJapanese A5 Wagyu Striploin @ AUD$437 per kg.

These figures are converted to AUD$ from their respective currencies which are changing every day so the actual prices here are corrupted slightly by constant foreign exchange fluctuations. The AUD$ figures presented below should be regarded as reliable trends rather than exact individual prices. Where possible the meat cut used for pricing in the wet and supermarket is Knuckle / Round.

English price table

Dr. Ross | October 18, 2019 at 11:06 am | Tags: beef prices, market report, southeast asia | Categories: Monthly Market Report | URL: https://wp.me/p4BVtG-nT6

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Top Paddock – October 2019

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Issue #69 – October 2019
Message from the editor

It’s that time of year when the mangoes are starting to come off the trees. We have several research activities on our commercial orchards this year so the next few months are busy in the Plant Industries side of things.

There are a number of field days happening in the near future for the cattle, pastures and cropping folk, so don’t forget to have a look at those.

Finally, it has been a dry year and it looks like the wet will be a late one. There have already been a number of fires around the place so keep your eye on the SecureNT fire advice and as always, take care.

Cheers

Chelsea Moore

Editor

Download PDF newsletter (2.5 mb)

A blazing dry season

CGMMV

On the back of a particularly poor wet season, the Northern Territory (NT) rural area is as dry as tinder. There have been a number of bushfires in the Darwin and Katherine rural areas that have burnt paddocks and orchards. Several mango properties in the Darwin rural area have been affected, many with minor or peripheral damage, but at least one grower has reported significant damage to their crop.

Read more >>

Bushfire orchard recovery

Brahman

With the recent bushfires throughout the Berry Springs, Lambells Lagoon and the Arnhem Highway region affecting properties and mango orchards in the area, it is a good time to assess what resources are available to growers affected by bushfires.

Read more >>

PalmCow animal enrolment trip

Sky, clouds and palm trees

PalmCow is a research project our agriculture researchers are leading to improve smallholder beef supply and livelihoods through oil palm-cattle integration in Indonesia.

“This project will provide us (DPIR staff) with experience in cattle production under plantations. It will give us insight into grazing management under forestry plantations in the NT.”

Read more >>

Identifying gamba grass made easy

Bunch of green bananas

Arthur Cameron, Principal Pastures Agronomist has been helping people learn to identify gamba grass for years. In a new video on identifying gamba grass, he explains what to look for and the features that make it stand out.

Read more >>

Be aware: Siam weed detection

Glen Oliver showing VET students (Cert I in AgriFood Operations) how to collect pollen from male date flowers.

An incursion of Siam weed (Chromolaena odorata) has recently been detected on two properties in the greater Darwin region. Primary producers should be aware of this and check any new plants they find on their properties. As with any weed management, early reporting of a suspected Siam weed infestation is essential to successful control and eradication efforts.

Read more >>

Importing plants or plant products into the NT?

DPIR Asian honey bee surveillance officers.

Have you got an import permit and/or plant health certificate?

Read more >>

NT weather outlook as at September 2019

soil

The outlook for October to December 2019 indicates that:

  • drier than average conditions are expected across most of the NT for the remainder of 2019
  • warmer than averagedays and nights are likely for almost the entire NT.
rebecca
Read more >>

Fruit fly treatment requirements for exporting mango fruit into South Australia, Tasmania and Western Australia

two mangoes with discolouration

Scientists in the Northern Territory have made a significant advance towards understanding the cause of resin canal discolouration (RCD) in mangoes. RCD had stumped scientists and growers for decades, who until now had not had any clues about its cause.

Read more >>

Magpie Goose Integrated Pest Management Report released

ant can be seen on the leaf of a plant

The More Profit for Nitrogen (MPfN) project provides a valuable opportunity for university students to have a hands on experience in tropical horticultural research. This is critical to producing future science leaders with experience in tropical production systems.

Read more >>

Veggie Integrated Pest Management field walk

Curcuma

Researchers have been studying flowering in mangoes in the Northern Territory (NT). The goal is to develop ways to extend the harvest window for fruit, which currently is only five to seven weeks.

Understanding flowering is an important management tool for growers in the NT, particularly the Darwin region. When it comes to domestic mangoes, Darwin has the earliest harvesting region in Australia, with premium prices reflecting the demand for the fruit

Read more >>

In brief: hemp legislation passed in parliament

Soil erosion has several negative impacts on the productivity and management of pastoral land. Some of these include reducing the amount of pasture that grows, changing the composition of pastures, woody weed increases, undermining fences and other infrastructure, and increased wear and tear on vehicles.
Read more >>

Animal Health News

The September 2019 edition of Animal Health News is out now.
Read more >>

Want to find out more information?

Food Futures

Keep up to date with the latest information
You can find hundreds of publications on our website.

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Contact the Livestock Biosecurity Team

Darwin

Regional Livestock Bisoecurity Officer 08 8999 2034
Livestock Biosecurity Officer 08 8999 2030

Katherine

Regional Livestock Biosecurity Officer 08 8973 9767
Livestock Biosecurity Officer 08 8973 9765

Tennant Creek

Principal Livestock Biosecurity Officer 08 8962 4458
Livestock Biosecurity Officer 08 8962 4492

Alice Springs

Senior Field Veterinary Officer 08 8951 8181
Regional Livestock Biosecurity Officer 08 8951 8125

Department of Primary Industry and Resources

GPO BOX 3000, DARWIN NT 0801 | PHONE: 08 8999 2214 | ISSN 1320-727X

www.nt.gov.au

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New post August Market Report : S.E. Asian Beef Industry

Dr. Ross posted: "69th Edition : August 2019.

Key Points

Indonesian imports a massive 75,000 feeders in August. Frozen Indian buffalo is back on the shelves across Indonesia. China prices break through AUD$6 per kg live weight. The African Swine Fever disaster cont"

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New post on Southeast Asian Beef Market Report

August Market Report : S.E. Asian Beef Industry

by Dr. Ross

69th Edition : August 2019.

Key Points

  • Indonesian imports a massive 75,000 feeders in August.
  • Frozen Indian buffalo is back on the shelves across Indonesia.
  • China prices break through AUD$6 per kg live weight.
  • The African Swine Fever disaster continues across Asia.

Asian Slaughter Steer

Indonesia : Slaughter Steers AUD $4.20/kg live weight (Rp9,650 = $1AUD)

Prices for slaughter cattle have firmed very slightly to produce an indicator price for August of Rp 40,500 per kg live weight. This number has been compounded by a weakening AUD to produce the much higher Aussie$ rate above.

August included the festival of Qurban (11th August) where Muslims sacrifice cattle (and sheep and goats) and distribute the meat to needy people in the community. The slight rise in price may be related to the fact that many domestic cattle are redirected to the Qurban festival slaughter which takes place over an intensive 3 day period leaving a potential shortage of local cattle to supply the normal domestic fresh beef requirements.

The surprise this month is the feeder cattle importation figure of about 75,000 head, a massive and unexpected volume given the NT supply problems and the modest slaughter prices. This follows an updated import figure of 78,000 in July and over 60,000 in both May and June. The memory of the oversupply havoc created following the importation of 81,000 in October 2018 must still be very fresh in everyone’s memory. The logic of the importers however is understandable as cattle supplies will soon be running out in Northern Australia and they need to stock up before supply dips and prices shoot upwards. The feeder steer rate for Darwin was AUD$3.15 at the end of August, a significant rise from $2.95 to $3.00 in July. The majority of imports were sourced from Queensland through the port of Townsville where the drought has not impacted the entire herd as comprehensively as it has in the Northern Territory. The other possible reason for this surge in imports is the potential loss of import permits. I had previously reported that importers were able to solve their import permit cancellations by establishing a new company and applying for a new permit. My initial understanding was that this would be a successful means of circumventing the cancellation penalty resulting from the failure to import the agreed number of breeding heifers. It now appears that my advice may not be correct so importers are stocking up as a contingency in case they suffer a 12 month loss of permits. Only time will tell how this scenario plays out but it sounds like a recipe for market disruption and chaos. This might also explain the government’s initiative to increase frozen beef supplies by adding Brazil to the list of approved importers.

Indian buffalo beef is well and truly back on the shelves with product observed in Bali, Jakarta and Kalimantan. Rumour has it that the first frozen Brazilian beef will arrive in Indonesia during October while I have heard that Indonesian government representatives have recently visited Brazil where they inspected Brazilian abattoirs and other facilities. The price of the Brazilian product will be critical in terms of its demand as it will have to compete with both Australian and Indian frozen imports.

Considering that frozen Indian buffalo, Australian lesser priced cuts, including offal and now Brazilian frozen boneless beef should provide a consistent and reliable supply of low end product to a very large proportion of the community that is constantly searching for the absolute cheapest product, the business case for breeding cattle locally to supply slaughter cattle for fresh beef supplies is all but destroyed. The only remaining attractive market niche for domesticly produced cattle is for males for the annual Qurban festival. With most local cattle produced by small holders using a cut and carry system, the well understood costs of this production model are high with the end result being that the farmer achieves little more than buying himself a job through cutting the forage. This type of back-breaking work is becoming less and less attractive to younger farmers coming up through the ranks especially when there are less strenuous and more profitable enterprises to spend their time on.

Photo 1_Pasar Modern Wet MarketPhoto : Pasar Modern wet market in BSD City, South Tangerang.

Photo 2_Buffalo Beef in Transmart BaliPhoto : This Buffalo beef is at Transmart in Bali selling for Rp92,600 per kg or AUD$9.60. This very unattractive product is not cheap by any measure. In many other locations traders report that the retail price of frozen Indian product has gone down as much as 30%.

Photo 3_An Abattoir in Java during QurbanPhoto : an abattoir in Java during Qurban where freshly slaughtered carcases are being divided into packages of mixed beef (usually a 1 kg combination of meat, bones, offal and fat) for distribution to low income families.

Vietnam : Slaughter Steers AUD $4.65 / kg (VND15,700 to $1AUD)

Slaughter steer prices have remained steady at Dong73,000 but import volumes have increased dramatically. The August import numbers rose to over 25,000 head while the average for 2018 was 16,800 and the average this calendar year to the end of July was 18,700 per month. The most likely cause of this massive increase in imports is the collapse of the pig herd following the African Swine Fever (ASF) epidemic which has resulted in the price of pigs almost doubling compared to their rates in 2017. Live pigs averaged around Dong30,000 per kg in 2017 climbing to Dong 45,000 towards the end of 2018 and are now Dong 50 to 60,000 per kg live weight. The decline in supply of local slaughter pigs has been exacerbated by the large numbers being exported into China. While I suspect this live and processed pork trade into China is not legal, the commercial incentive will be just too lucrative for authorities on either side of the border to resist.

China : Slaughter Cattle AUD $6.06 / kg (RMB 4.8 = AUD$)

The predicted price escalation following the outbreak of ASF has finally commenced with slaughter cattle rates in Beijing lifting 6% and in Shanghai 4.5% during August. Retail pork prices have made even greater monthly gains with an 18% increase in Beijing and a 21% rise in Shanghai. An average slaughter cattle rate of Y29.1 converts to AUD$6.06 per kg live, the first time the $6 barrier has been breached since this report commenced in 2014.

Given the incredibly difficult nature of ASF, it is unlikely that the pork supplies will return to anything like their previous levels for many years to come. Unless someone develops an effective vaccine, this disease will defeat the very best intentions to re-establish the domestic pig population for possibly a decade or more. With its S. E. Asian neighbours falling to the virus like dominos, a vaccine is the only effective option considering the capacity for rapid spread over very long distances and that smuggling is a way of life.

As reported in Beef Central recently, a large number of Chinese companies have invested in Australian live export companies and this has followed huge investments during the last 3-4 years in abattoirs and feedlots on the east coast of China in anticipation of the opening up of the live cattle import trade. I have been predicting the opening up of the live slaughter and feeder trade into China for all of this period and consistently been proved wrong. Fortunately for me I have only been investing my credibility while many Chinese companies and individuals have invested serious capital. At the risk of making yet another incorrect prediction I will once again suggest that this combination of rapidly rising beef and pork prices combined with the ongoing ASF catastrophe may well convince the bureaucrats to make the necessary changes to the health protocols to allow commercial trade to commence. China has been able to import massive additional quantities of processed beef and pork over the past year or so but these efforts have been unable to prevent the price spikes seen recently. More measures are needed to keep a lid on prices with live imports being a modest but useful addition to supplies of fresh local beef. As reported in Beef Central, on August 22nd Vice Premier Hu Chunhua publicly expressed the very difficult position that ASF had created. Key comments included an expectation that the real situation may be worse that what has been officially reported and that the available international trade supply is incapable of filling the 10 million ton deficit in pork demand that is predicted later this year and early in 2020. Add a similar situation in the rest of S. E. Asia and the massive regional market disruption for pork and its alternative proteins is an absolute certainty with Aussie beef being a potential beneficiary.

Philippines : Slaughter Cattle AUD $4.89 / kg (Peso 35.4 to AUD$1)

The Peso rate for slaughter cattle has remained firm with the slight weakening of the AUD pushing the AUD$ rate for cattle just a little higher than last month. With the recent announcement of the discovery of ASF in pigs in the Manila region this rate is likely to experience some upward pressure when the retail pork supplies feel their first major reduction in about 6 months time. Dramatic declines in the supply of pork occurred roughly 6 months after the outbreak in both China and Vietnam and there is little reason to expect that the supply dynamics will be any different in the Philippines. The decline in pork supply may well be the trigger to convince potential Filipino cattle fatteners to once again commence significant levels of imports of live feeders from Australia. Another brave prediction.

Photo 4_Map Published by FAOMap published by FAO on 12th September with outbreaks reported during the previous week in red.

Thailand : Slaughter Steers AUD $4.57 / kg (Baht 20.8 to $1AUD)

Slaughter cattle prices in Baht are steady with the AUD$ increase above driven by a strengthening of the Thai currency. Thailand is either very lucky or has the best veterinary quarantine services in Asia (or both) as it remains free from ASF despite being surrounded on 3 sides by infected countries. Sadly, for Thai farmers it is almost impossible to prevent the movement of this disease across land borders so their chances of escaping its ravages are negligible. The Philippines couldn’t stop their infection travelling across a significant distance of ocean.

Photo 5_Most Asian farmers have PigsPhoto from the internet : Most Asian farmers have pigs in their back yard, a perfect medium for disease spread.

New York.

I visited New York for the very first time during August to meet my first grandchild. While I was not being a proud grandfather I did a little investigating of the retail beef scene. I was particularly interested in the plant based meat substitutes and was astounded by their incredibly successful penetration into the US beef market. I had always understood that Americans loved their burgers but until you see every menu in every level of food service including at least one burger and usually more, it is difficult to comprehend the enormous magnitude of their affair with the burger.

My two major observations were :-

  1. The taste of the plant based patty is delicious and it is impossible (perfect naming logic) to differentiate between a real and a plant based burger on general appearance or taste (at least for an amateur beef enthusiast like me).
  2. The plant based product has already reached all levels of the retail chain from supermarket mince and sausages to burgers in Burger King, Dunkin Donuts, many other fast food chains, all the way up to 5 star restaurants. McDonald’s is in a wait and see mode.

I will write a more detailed story in the near future about this very important aspect of the meat industry.

Photo 6_Burger KingPhoto : Burger King has an Impossible Whopper which costs $1 more than the normal beef whopper. It is Delicious but I see no reason to pass up the cheaper beef whopper unless you are a vegetarian.

Photo 7_Everywhere there are Burgers AdvertisementsPhoto : Everywhere you go there are advertisements for plant based burgers.

Photo 8_Dunkin DonutsPhoto : Even Dunkin Donuts has plant based burgers and breakfast sausage sandwich.

Photo 9_Plant Based MincePhoto : Plant based mince in the local supermarket. A little more expensive than the real thing in the same display cabinet.

Photo 10_Plant Based PorkPhoto : and plant based “pork” sausages too.

Photo 11_Whole Foods SupermarketPhoto : I took this photo in a “Whole Foods” supermarket which has a chain of 480 outlets across the US that has recently been purchased by Amazon. In their meat section they display these welfare rating categories with the label on each cut of meat in the cabinet having a rating from 1 to 5 to help the customer understand the welfare standards under which each item was grown.

Photo 12_Aussie Beef in Amazon SupermarketPhoto : There was plenty of Aussie beef in this Amazon supermarket at pretty reasonable prices and showing a welfare rating of 4 (pasture centred).

Photo 13_Elisabetta Anna TognonPhoto : Elisabetta Anna Tognon, born in New York, 11th June 2019.

These figures are converted to AUD$ from their respective currencies which are changing every day so the actual prices here are corrupted slightly by constant foreign exchange fluctuations. The AUD$ figures presented below should be regarded as reliable trends rather than exact individual prices. Where possible the meat cut used for pricing in the wet and supermarket is Knuckle / Round.English Price Table_August 2019

Dr. Ross | September 19, 2019 at 6:39 am | Tags: beef prices, market report, southeast asia | Categories: Monthly Market Report | URL: https://wp.me/p4BVtG-nSg

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