Episode 61 – Sustainability, trade, and innovation in the beef industry
In this episode, we explore the current state of the livestock market in Australia and New Zealand, focusing on rising prices, global demand, and the challenges facing the beef industry. Experts Simon Quilty and Dr Jim Gibbs share insights on the factors shaping the market, from climate variability and feed efficiency to sustainability and trade agreements. We discuss how producers can navigate these complexities, adapt to shifting market conditions, and leverage innovation to ensure long-term success in an increasingly competitive global industry.
Guests:
- Simon Quilty, Meat and Livestock Analyst
- Dr. Jim Gibbs, Senior Lecturer, Lincoln University
Host:
- Sarah Perriam-Lampp, CEO and Editor-in-Chief, Country-Wide
Simon Quilty, an independent livestock analyst, examines the current state of the beef industry in New Zealand and Australia, highlighting the factors driving record-high prices and global demand. He discusses the impact of tariffs, supply shortages, and herd rebuilding in key beef-producing regions. While the market outlook remains strong, Quilty emphasises the challenges faced by New Zealand producers, particularly in processing capacity and industry cycles. He explores strategies for navigating market fluctuations, stressing the importance of long-term planning and adaptability. Quilty believes that understanding global trends and preparing for industry shifts are essential for sustaining profitability in the livestock sector.
Dr Jim Gibbs, a beef finishing and breeding expert, explores the critical role of feed efficiency in New Zealand’s beef industry. He examines why improving efficiency could address key challenges, from reducing greenhouse gas emissions to enhancing profitability, yet it remains undervalued across the sector. Gibbs discusses the impact of New Zealand’s spring calving system, the dominance of dairy cull cows in the beef market, and the structural barriers to change. He highlights the benefits of finishing cattle earlier, reducing time on pasture, and lowering methane emissions. Gibbs believes that shifting industry priorities towards efficiency and sustainability is essential for the long-term viability of New Zealand’s beef sector.
Simon Quilty’s article from Beef Country can be found HERE
Dr. Jim Gibbs article from Beef Country can be found HERE
