IF this week’s Hamilton Meat Profit Day is anything to go by, the future of the red meat industry is looking bright.
Looking forward to 2025, market outlooks and succession planning were big topics for the day which attracted more than 400 sheep and cattle producers from around the Western District.
Hamilton Meat Profit Day chairman David Jenkin said 420 producers registered for the event which included a busy line-up of guest speakers and workshops.
“There were lots of highlights,” Mr Jenkin said.
“Our keynote speakers were very popular.”
Guest speaker Sam Bailey proved inspiring as he told how he became a paraplegic at just 19 years old but didn’t stop him from achieving his goals.
Four speakers discussed industry projections, Asian exports, production and driving change in the red meat supply change during the Market Outlook workshop.
MLA Market Information and Analysis manager Tim McRae looked at export growth in the past and going forward.
“At the moment New Zealand has their lowest lamb crop in 60 years and they’re already seeing a shortage,” he said.
“This year with mutton and lamb combined, Australia could surpass New Zealand for the first time in years.”
Mr McRae said live export would be a major growth area in future, with a larger number of exporters fighting for a smaller number of cattle.
He also expected lamb export numbers to rise.
“Hopefully we’ll get to a point where, like the cattle markets, two thirds of production is export,” he said.
Full story in the Spectator on Saturday, February 22, 2014