Cattle slaughterings in Australia jumped 10% for the month of August close to 680,000 head, as drought conditions forced farmers to cull numbers. This brings cattle slaughterings for the first eight months of 2017 to 4.8m head, which is still 3% behind the same period last year.

Dairy export volumes from the EU have held up strongly in 2017, despite rising market prices. For the first eight months of 2017, dairy commodity exports are 7% ahead of last year at 3.5m tonnes. This has been driven by a sharp increase in the export volume of SMP (+43%) and infant formula (+13%).