Lotfeeding, the dominant force in the Australian Beef Industry

Commercial lot feeding in Australia is now an integral part of the Australian beef production industry. Gone are the days of feeding cattle for niche markets in Australia and overseas or when weather conditions resulted in a lower turnoff of finished cattle from grass. Beef from feedlots now represents the majority of all table beef consumed on the Australian domestic market. In the order of 90% of all Australian beef retailed in Japan is grainfed.12% of all Australian beef sold in Korea is grainfed, and this number is growing, with grainfed beef exports in 2002 up 133% compared to 2001. Chilled Australian grainfed beef is now being sold in increasing quantities to the USA.