Kenny's Creek Angus
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Well it has been a quiet few months from me and I apologise. Back on the emails now. Not sure I would have been much help on market updates. From Covid to the Ukraine the affects on the global cattle markets have been front page events. Throw in inflation at 40 year highs, tight labour markets, a US drought, record beef prices in Brazil, high ag input costs and a booming commodities market and you have a recipe for markets like never before.
The two pictures below - our rising two year old bulls at sunrise. All of our sale bulls this year have been in work up at Breakfast Creek or with the stud herd at Hillgrove.
We did our final sign off last month of Bellevue and Nychum Station in Far North Queensland. It has been a great period of our life and we will miss the raw beauty and remoteness of the properties.
Nikki and I did a ride up into the Snowy's at the end of Feb with Peter Cochren. It was the week after the Four Corners report into Brumby's in the National Park and it was interesting to see first hand what was happening. There did seem to be some sensationalism in the ABC reporting with most people agreeing a cull needs to be done but there is disagreement on the number of horses there now. It is a wonderful landscape.
Kenny's Creek 150 day Angus going to China
KC Natural 150 day Angus Beef in China
Our Angus steers being fed at The Mount Feedlot in Forbes and directly above KC Natural 150 day Angus beef being unpacked in China. Our product is processed at Bindaree in Inverell and then exported chilled into Shanghai. Below is the beef sliced. We have been very happy with how our beef has been marbling which is key for our clients.
USA Wagyu
This is a little unusual but we did our first USA production in March where we processed Wagyu (bought in Alberta Canada) and then processed them across the border in Montana. Although there is lots that is the same there are some things which fundamentally different to our productions here.
A few things out of the news which we found interesting. Overall the cattle market has been well supported by the restockers which will run out with the rain some day but there is global support with Brazil cattle prices at record high prices, USA in drought and China still driving the market with protein demand.

Retail beef and lamb prices have separated completely from chicken. In China the same has happened with beef and lamb no longer in check with pork and chicken.

Source - Mecardo

Source - Global AgriTrends

  • China reports record 5,280 daily COVID cases
  • Omicron outbreaks are exploding across China, pushing new domestically transmitted COVID-19 cases above 1,000 for 4 consecutive days
  • 30 million in lockdown as COVID surges in China
  • Shenzhen, the southern tech hub of 17.5 million, is in lockdown with many factories closed and supermarket shelves emptying
  • Shanghai is under a lattice of restrictions

Source - International Grains Council

Source - Global AgriTrends - Simon Quilty
Feeder prices are going sideways at the moment and risk of downside looks to be shifting through to Winter/ Spring and only if the season fails. There is pressure on the feedlotter with increased grain prices and currency increases in recent weeks from USD/AUD$0.72 to $0.75 could also challenge.
  • Ships leaving Russia ports fall by two-thirds in March, Ag Flow
  • Ukrainian ports have been shut since Russia's invasion

    Source - Bloomberg
Source - AFR
Read the full SMH article here.


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Kenny’s Creek, Kenny’s Creek Angus and the Kenny’s Creek logo are registered trademarks of Kenny’s Creek Angus Pty Ltd. Kenny’s Creek Angus, Hillgrove, 591 Murringo Road, Boorowa NSW 2586, Australia
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