The Dareen will be the sixth live export vessel to sail from the northern port so far this financial year and is destined for markets in Indonesia and Vietnam. 

The boat will be at full capacity with cattle drawn from as far as Mount Isa, Augathella, Karumba, Mareeba and local areas. 

This financial year has already seen 20,000 head exported out of Townsville and Port of Townsville manager of trade development, Maria James, is happy with the results.

“We expect around 200,000 head to be exported this financial year, dependent on good supply from North Queensland,” Ms James said.

“Live exports are important to North Queensland farmers because it gives them more market options and competition for their livestock.

“Indonesia has increased its imports of Indian buffalo meat which is affecting Townsville’s export market. Indian Buffalo is a substitute for the more expensive Queensland product.”

Ms James hopes to better last year’s export statistics to South East Asia of 190,000 head.

“Herds in Australia are at a 20 year low and the ability to rebuild herds is being challenged by scarce supply of breeder cattle and record prices being paid for those available,” she said.

“Industry sources say it could take around 12-18 months for cattle numbers to start normalising.”

Tom Kennedy from Elders Queensland said pressure was being placed on the market from two angles. 

“Firstly the Australian dollar is trading in the high 70’s and for every cent it goes up, it represents 5 cents to the value of cattle,” Mr Kennedy said.

“And secondly we are still meeting pressure from Brazil and Indian Buffalo on the world stage. Whilst we might have a green, clean product it still has to compete on the world stage against these cheap products.

“The Indonesian Government also remains to put pressure on their feedlotters to sell under 44,000 Rupiah – with their cost being very close to this value.”

Mr Kennedy said when these factors are taken into consideration – for the market to be holding firm, it was a representation of lack of numbers that are available.

“Steers are holding around 300c while heifers maintain between 260-270c. Slaughter steers holding firm at 250c+ and bulls holding at similar rates.

“What has stayed strong though all this has been the breeder market with good lines of PTIC heifers sitting at $1100 to $1200 and preg tested cows from $800-1000.”

With strong rains welcomed at anytime, Mr Kennedy said it would be hard not to see the market get stronger.