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Severe drought across large parts of eastern and inland Australia between 2017 and 2019, saw the national beef herd reach its lowest levels since 1990. [5] Following this, cattle supply and market throughput has reduced which has been reflected in record high cattle prices.
The meat of a lamb is taken from the animal between one month and one year old, with a carcass weight of between 5.5 and 30 kg (12 and 66 lb). This meat generally is more tender than that from older sheep and appears more often on tables in some Western countries.
As of 2011 in the US, broiler chickens has an FCR of 1.6 based on body weight gain, and mature in 39 days. [25] At around the same time the FCR based on weight gain for broilers in Brazil was 1.8. [25] The global average in 2013 is around 2.0 for weight gain (live weight) and 2.8 for slaughtered meat (carcass weight). [26]
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Live cattle is a type of futures contract that can be used to hedge and to speculate on fed cattle prices. Cattle producers, feedlot operators, and merchant exporters can hedge future selling prices for cattle through trading live cattle futures, and such trading is a common part of a producer's price risk management program. [1]
[110] [111] [d] As a research body, M&LA releases indicators and supports standards which aim to simplify complex market functions and inform consumers in the meat and livestock markets. [112] [113] [114] The market standards endorsed by M&LA indicate the minimum meat and livestock requirements producers should aim to meet in Australia. [16]
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As with other domestic animals, the meat of uncastrated males is inferior in quality, especially as they grow. A "bucky" lamb is a lamb which was not castrated early enough, or which was castrated improperly (resulting in one testicle being retained). These lambs are worth less at market. [155] [156] [157]