Australia's Beef Slaughtering Activity to Rise in 2024

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Researched by Industrial Info Resources (Sugar Land, Texas)--Australia's beef slaughtering activity is expected to grow in 2024 to 7.5 million head, up from 7.1 million head in 2023, according to the Foreign Agricultural Service of the U.S. Department of Agriculture.

A drop in beef prices is helping drive the higher expected output. Due to heavy rainfall in central and northern Queensland, the country's cattle number will increase in 2024 as well.

Industrial Info is tracking more than US$845 million worth of active meat and poultry projects in Australia. Examples include Kilcoy Global Foods' (Queensland, Australia) construction of a grassroot beef-processing plant near Caloundra, Queensland, that will be able to process 250 head per day. The project is in the process of wrapping up. Subscribers can learn more by viewing the related project report.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).