Rebuild figure close, but not here yet

摘要

According to the latest official cattle slaughter report from ABS, the Female Slaughter Ratio (FSR) reached 48.2 per cent for October through to December last year. A big dip from the 53 per cent reported in quarter three of 2020, but still well abovethe 10-year average, and at a time of year when female slaughter is historically declining.With seasonality applied to the now quarterly ABS data, prior to last quarter, monthly FSR percentages have only been below 50 per cent once since March 2018 (and that was in November 2018). Before that, for the second half of 2016 and all of 1017, the FSR was below the herd rebuild indicator of 47 per cent. In fact, it dropped quite dramatically from 50 per cent to 40 per cent in the six months from June 2016 to January 2017.