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Global beef markets: Lower demand in most regions and diverging prices to affect exports

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Global beef markets: Lower demand in most regions and diverging prices to affect exports

 

Rabobank

Beef markets around the world – other than the United States – are seeing softer consumer demand, with global cattle prices now split into two distinct groups: those in North America and Europe, and those in the rest of the world, Rabobank says in its just-released Q3 Global Beef Quarterly

The report says declining supply and strong consumer demand in the US is driving cattle prices higher, while lower domestic beef supply has also held up prices in Canada and Europe. In most other regions, however, the opposite – increased supply and lower demand – is making prices softer.

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Report lead author, Rabobank senior animal protein analyst Angus Gidley-Baird said US cattle prices have increased almost 30 per cent over the past 12 months, while Australian cattle prices have dropped by more than 30 per cent.

“This price spread is the largest we have seen in the past 10 years,” he said.

“Such a separation in prices will have consequences for beef exporters’ competitiveness, and we expect to see some shift in trade volumes as a result.”

A consistent theme across most markets – other than the US – is softer consumer demand and “full supply chains”.

In a number of regions, particularly in Asian countries, beef purchases made through 2022 and into 2023 in anticipation of recovery from Covid have not been consumed, the report says. These are now part of growing stock levels that also include other proteins.

“Softer consumer demand is making it harder to move these volumes through the system,” Mr Gidley-Baird said.

Rabobank senior animal protein analyst Angus Gidley-Baird

Rabobank senior animal protein analyst Angus Gidley-Baird

Australia

After falling for most of the year, Australian cattle prices had levelled out in mid-June, the report said.

Mr Gidley-Baird said the market had “seen heavy steer prices rise towards the end of July before dropping again. Meanwhile national saleyard restocker steers have drifted down slightly in August. The EYCI (Eastern Young Cattle Indicator) was down 45 per cent year-on-year for the month of August to average AUD 5.40/kg”.

Through May and June, prices had eased on producer concern about the seasonal outlook, which added additional cattle to the market, he said.

“At the same time, producer buying activity dropped as cattle numbers were building, processing capacity remains constrained and consumer markets are still soft. This saw prices fall to their lowest levels in five years through July. But with some rain through cattle-producing areas in July, stability returned to the market,” Mr Gidley-Baird said.

Weekly national slaughter volumes for year to date (as week 33) were up 23 per cent on 2022 volumes with the increased cattle inventory flowing through to finished cattle numbers.

“Processors remain constrained as they balance the decision to increase shifts with available cattle numbers and demand in end markets. As such, weekly cattle slaughter has been range bound at around 120,000 per week. Our expectations are that when supply chains start to clear and product starts to move more freely, given the additional cattle numbers on the ground, we will see processing capacity lift and Australian production take another step up,” Mr Gidley-Baird said.

Beef markets around the world – other than the United States – are seeing softer consumer demand, with global cattle prices now split into two distinct groups: those in North America and Europe, and those in the rest of the world, Rabobank says in its just-released Q3 Global Beef Quarterly.

Australian export volumes rise

For Australia, the Q3 2023 Beef Quarterly says, export data for July shows beef export volumes up 30 per cent year on year.

However, Mr Gidley-Baird said, markets are mixed, with congestion generally limiting volumes to Asian markets, such as Japan, while strong demand in the US and an increase in Australian cow slaughter is seeing stronger volumes exported to the US – up 103 per cent for July.

“Australian live cattle exports are down 17 per cent for the year to date (July), but we see this more as a reflection of lower Australian cattle numbers in northern Australia where the rebuild has been slower,” he said.

High livestock numbers

Mr Gidley-Baird notes Q2 Australian cattle slaughter numbers were up 16 per cent year on year, while 1H slaughter numbers were also up 16 per cent compared with the first half of 2022 year.

“While not record levels, you can see that they are approaching the five-year average and given constraints on processing capacity at the moment – these volumes will be testing throughput,” he said.

 

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Why Travel Should Be an Essential Human Activity

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Why Travel Should Be an Essential Human Activity

Why Travel Should Be an Essential Human Activity

 

In our increasingly globalised world, travel is often seen as a luxury, an indulgence reserved for the few who can afford the time and expense. However, travel holds intrinsic value beyond mere leisure, playing a crucial role in personal development, cultural understanding, and even mental health. Travel should be considered an essential human activity, integral to our development as individuals and as a society.

Expanding Perspectives

One of the most profound benefits of travel is its ability to expand personal perspectives. Encountering places that differ from our home environment challenges our preconceived notions about the world and our place within it. It introduces us to new ways of living, thinking, and interacting, which can lead to greater empathy and understanding across cultural divides. This broadening of perspectives is not just beneficial on a personal level but is essential in developing global cooperation and peace.

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Enhancing Adaptability and Problem-Solving Skills

Travel often involves navigating unexpected situations, whether it’s dealing with a language barrier, finding your way in a new city, or managing different currency systems. These challenges require adaptability and problem-solving skills. Over time, travellers develop a knack for thinking on their feet and adapting to new circumstances quickly and efficiently. These skills are incredibly valuable in both personal and professional contexts, making individuals more capable and resilient.

Boosting Mental Health

The mental health benefits of travel are significant and well-documented. Breaking away from the daily grind can reduce stress and prevent burnout, which is increasingly common in our fast-paced, always-connected lives. Moreover, exposure to natural beauty—such as mountains, beaches, and forests—has been shown to boost mood and improve mental health. The stimulation of new experiences can also reignite creativity and passion, which are often stifled by routine.

Developing Human Connections

Travel connects us with people from all walks of life. These connections can be profoundly enriching, offering insights into the lives of others and forging bonds that often last a lifetime. Whether it’s a conversation with a local artisan about their craft or a shared meal with fellow travellers, these interactions deepen our understanding of humanity and the threads that connect us, despite our apparent differences.

Supporting Economic Development

From a practical standpoint, travel is a significant economic driver in many parts of the world. It supports local economies by creating jobs, promoting local crafts and cuisines, and fostering a better understanding among different cultures. For many communities, tourism is a primary source of income and a vital part of their economic stability. Responsible travel can help distribute wealth more evenly and support sustainable development.

Educational Value

Travel is profoundly educational, not just in a formal sense but in the everyday learning that comes from being in a new place. This type of education is experiential and immersive, teaching history, geography, sociology, and economics in ways that books and classrooms cannot match. For children and adults alike, travel can complement traditional education, providing real-world contexts to theoretical knowledge.

Preserving Cultural Heritage

When done respectfully, travel can play a crucial role in preserving cultural heritage. Tourists’ interest often helps fund the maintenance of sites of historical and cultural significance, which might otherwise deteriorate. Moreover, by appreciating different cultures, travellers can contribute to a broader respect and understanding of these traditions and histories, ensuring they are valued and preserved for future generations.

The Necessity of Accessible Travel

Recognising the importance of travel should also lead us to consider accessibility. Ensuring that people from all economic backgrounds have the opportunity to travel is essential. Programs that facilitate youth travel, scholarships, and affordable travel options can help make the benefits of travel accessible to more people. Moreover, improving accessibility for travellers with disabilities is also crucial, ensuring that travel is truly inclusive.

Conclusion

Travel is much more than an escape from everyday life. It is a vital human activity that enriches our lives in countless ways, from personal growth and mental health to economic benefits and cultural preservation. As the world becomes more interconnected, the importance of travel as a tool for understanding and cooperation cannot be overstated. By promoting and facilitating travel, we can foster a more informed, connected, and empathetic world. Thus, travel should not only be considered essential but encouraged as a fundamental aspect of human activity.

 

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Top Romantic Getaways to Explore with Your Partner

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Top Romantic Getaways

Top Romantic Getaways to Explore with Your Partner

 

Planning a holiday with your partner can be an exciting endeavour, especially when it involves discovering new places together. From charming beach retreats to cosy mountain hideaways, the world is full of romantic destinations. Here are some of the most enchanting top romantic getaways to consider for your next couple’s escape with your partner.

Santorini, Greece

With its whitewashed buildings, stunning sunsets, and crystal-clear waters, Santorini is the epitome of romance. This island in the Aegean Sea offers breath taking views from cliff-top villages like Oia and Fira. Couples can enjoy a sunset cruise, indulge in gourmet dining with a view, or simply relax on the volcanic beaches. The unique blend of natural beauty and luxurious accommodations makes Santorini a top choice for a romantic getaway.

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Kyoto, Japan

Kyoto, once the capital of Japan, is a city of serene beauty, making it perfect for couples who appreciate culture and tranquillity. The city is renowned for its classical Buddhist temples, as well as gardens, imperial palaces, and traditional wooden houses. Strolling through the Arashiyama Bamboo Grove or enjoying the cherry blossoms in Maruyama Park can be magical experiences. For an unforgettable evening, dine at a riverside restaurant in Pontocho, where you can savour traditional Kyoto cuisine.

Paris, France

No list of romantic destinations would be complete without mentioning Paris. Known as the “City of Love,” Paris is ideal for couples looking to immerse themselves in a city rich with history, art, and romance. From the iconic Eiffel Tower to the charming cafes of Montmartre, there is no shortage of romantic spots. Couples can enjoy a leisurely boat ride on the Seine, visit the Louvre, or simply enjoy a croissant at a sidewalk cafe.

Venice, Italy

Venice is a fairy-tale city built on water, offering a unique romantic experience. The best way to explore is by getting lost in its labyrinth of alleys and canals. A gondola ride through these waterways, under the stone-arched bridges, makes for an iconic romantic activity. Be sure to visit Piazza San Marco, enjoy a coffee at the historic Caffè Florian, and admire the stunning views from the top of the Campanile.

Banff, Canada

For couples who love the great outdoors, Banff National Park in Alberta is a perfect destination. The park offers some of the world’s most breath taking wilderness scenery. Couples can explore its numerous lakes, such as the famous Lake Louise, and enjoy activities like hiking, skiing, or relaxing in natural hot springs. Staying in a cosy cabin or a luxurious resort, Banff provides a wonderful mix of adventure and relaxation.

Maldives

The Maldives is synonymous with luxury romantic travel. This tropical paradise offers stunning overwater bungalows, pristine beaches, and crystal-clear waters. Couples can snorkel or dive among vibrant coral reefs, enjoy spa treatments, or simply relax on the private deck of their villa. The Maldives is ideal for those looking to escape to a secluded, intimate environment.

Cape Town, South Africa

Cape Town is a vibrant city that offers a mix of cultures, cuisines, and landscapes, making it an exciting destination for couples. You can visit the picturesque Cape Winelands, enjoy a cable car ride to the top of Table Mountain, or explore the historic Robben Island. The city’s stunning beaches and vibrant nightlife also provide plenty of opportunities for romantic outings.

Florence, Italy

Florence, the birthplace of the Renaissance, is a city that oozes romance through its art, architecture, and ambiance. Couples can explore the Uffizi Gallery to see some of the world’s most famous artworks, stroll through the Boboli Gardens, or climb to the top of the Duomo for spectacular city views. The charming streets of Florence are perfect for evening walks followed by a dinner featuring Tuscan cuisine.

Queenstown, New Zealand

Queenstown is a dream destination for adventurous couples. Set against the dramatic backdrop of the Southern Alps, it’s known for its adventure sports and stunning scenery. Couples can enjoy bungee jumping, jet boating, or skiing, depending on the season. For a more relaxed experience, take a scenic cruise on Lake Wakatipu or sample some of the excellent local wines.

Bruges, Belgium

Bruges, with its medieval architecture and picturesque canals, feels like a scene from a romantic movie. Couples can explore the city on a canal boat tour, sample Belgian chocolates and waffles, or simply wander through cobbled streets and market squares. The peaceful atmosphere of Bruges makes it a perfect getaway for couples seeking a slower-paced vacation.

Conclusion

Choosing the right destination can turn a simple holiday into an unforgettable romantic journey. Whether you’re seeking adventure, relaxation, culture, or just a change of scenery, these destinations offer a wealth of experiences that can cater to any couple’s interests. Remember, the most important part is enjoying the time spent with each other, discovering new places, and making memories that will last a lifetime.

 

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Lismore News

Saffin secures one-off grant for Thistles’ shower cubicles project

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Thistles Soccer Club shower cubicles

Saffin secures one-off grant for Thistles’ shower cubicles project

 

LISMORE MP Janelle Saffin has helped secure a one-off grant towards Lismore Thistles Soccer Club Incorporated’s project to construct and install six lockable shower cubicles at its East Lismore clubhouse.

Ms Saffin, who championed the club’s priority project, thanked NSW Minister for Sport Steve Kamper MP for approving the $15,710 (ex GST) grant under the NSW Government’s 2023-24 Project Support Program recently.

Ms Saffin said Thistles would engage a local contractor to build the six cubicles – three for home teams and three for away or visiting teams – promoting safe and diverse participation for girls and women.

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“The fact that the club owns this site rather than leases it from Lismore City Council has meant they do not qualify for infrastructure repairs or rebuilds under normal disaster funding arrangements,” Ms Saffin said.

“Thistles is a very proactive club but having its clubhouse and fields located in a low-lying area, has meant that it has had to wear the costs of fixing damage caused by the devastating floods of February and March 2022.

“This is one of those small sporting infrastructure projects which will make a big difference to players.

“I thank club officials for their innovative and inclusive approach, particularly Grants Officer Dr Pascal Scherrer.”

Lismore Thistles Soccer Club President Tina Cotroneo said: “This grant is going to make such a difference for players having their own space to shower and relax after a game in a more private environment!

“Our goal at Thistles is to provide a fun, safe and enjoyable sporting environment that encourages all members to reach their full potential.

“This grant supports our efforts to encourage inclusion, provide a safe sporting environment and foster the growing participation of women and girls in football.

“Thank you again to all involved in the process.”

 

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