NSW beef enterprises returns remain strong in 2017 despite challenging seasonal conditions, as indicated by NSW Department of Primary Industries’ (DPI) latest beef gross margin budgets.
DPI’s Todd Andrews said beef gross margin returns had increased by 10 per cent on average compared to 2016, but not all beef enterprises increased by the same amount.
“Gross margin returns for weaner and vealer producing enterprises increased by 13 per cent, due to the high demand from producers trying to restock following the previous drought years,” Mr Andrews said.
“The feedlot market again performed very well, with feeder steer breeding enterprises topping the list at almost $52 per dry sheep equivalent (DSE).
“This reflects the current shortage of cattle and the ongoing strength of the feedlot market, which has an increasingly important role in filling the gap of erratic grass fed beef supply, due to seasonal variability.”