Domestic retail beef value holds firm, but volume sinks in latest ABS results – what’s MLA doing about it?

THE combination of high cattle prices and drastically short supply is again being reflected in domestic consumption patterns for beef. Meat & Livestock Australia will later today release its Beef Industry Fast Facts for 2016, containing key statistics on the industry. The document includes latest domestic consumption figures compiled by ABS, which suggest that beef consumption has gone from 28.3kg per person in 2014-15 to 25.4kg last financial year – a decline of almost 3kg in 12 months. But significantly, the value of domestic beef consumption remained stable at $7.8 billion – more or less unchanged on the previous year…

Source: Beef Central
Domestic retail beef value holds firm, but volume sinks in latest ABS results – what’s MLA doing about it?