Beef exports jumped 15% on month in May to a 14-month high of 85,762 boneless tonnes, partly reflecting strong growth in exports to the US and Russia, according to Meat & Livestock Australia.
Exports in May rose 3.5% on year, assisted by an increase in cattle slaughter since late April and a sharp weakening in the Australian dollar during the month. Beef shipments in May took total exports in the first five months of the year to 348,883 tonnes, down 9% on the year-earlier period.