'Fullblood cow WOW power'
Welcome to the home of CABASSI WA5YU, thank you for showing an interest in Wagyu; this is my 21st year operating in this space. I have been one of the most enduring supply chain pioneers for Wagyu in this country, having worked & invested in genetics, farming, feedlotting, processing, retailing & exporting. I have crossed most of the bridges on this incredible journey since mid 1996.
You are visiting at a critical time for my (our) segment of the Australia beef industry; although it accounts for little over 3% of total asset value & less than 1% of total cattle numbers, this segment is now consistently demonstrating to the broader audience of beef producers that Wagyu can benefit their production in the most compelling financial manner. And so it is my opinion that a clear tipping point* has been reached.
* a tipping point is a point in time when a group—or a large number of group members—rapidly and dramatically changes its behaviour by widely adopting a previously rare practice.
What are the implications of this “tipping point”?
There are challenges & there are opportunities resulting from this. Who benefits & how?
What & where are the weaknesses that must be overcome to ensure the efficient & sustainable integration of Wagyu into the mainstream Australian beef sector and what elements need significant capital investment?
What leadership role can the Wagyu segment play in elevating the quality & rate of returns from the Australian beef industry for the next generation of agricultural aspirants?
Young bulls at weaning are selling for $5000+ each, young females are selling for $3500+ each & 2 year old bulls have reached record auction prices of $22,000+. Added to this, F1 crossbred Wagyu feeder steers, 200 – 350kg live weight are achieving upwards of $7/kg on farm and fullblood feeders are somewhere higher than this.
One fact is glaringly bright, this segment is not for the feint hearted; absolutely it (has) can cater very nicely for the small farm retiree types and for the lifestyle hobby farmers, but lets not splash about in the shallow end of the pool anymore; it is now plain to see that Wagyu has begun to embed itself into the most powerful extensive cattle raising operations of the major pastoralists & international beef corporates at an increasingly rapid rate, and it all started back in the mid 2000’s.
This segment is now burgeoning, it is in a different class, is vibrant, aggressive & desperately hungry for capital to help it fulfill its promises.