Posted November 07, 2018 11:07:46 Australia’s beef industry has set its sights on a return to normal after a series of major market-crashes that saw supply and demand plummet.
Key points:Australia’s beef demand is expected to decline for the first time in nearly a decade as beef markets suffer from severe weather, as well as a supply glutThe beef market is already reeling after a record heatwave, drought and a shortage of cattleThe beef industry is already grappling with a massive beef shortage, with supply and a glut.
There is also a growing risk of another market-wide downturn, as the meat market has been hit by a series, which have been blamed on the extreme weather, drought, and a lack of supply.
“We have had a couple of years where it has been very difficult to keep cattle,” Beef and Livestock Minister Ian Macfarlane said.
“It’s going to be difficult for cattle to get the right mix of animals that they need to produce beef, and that’s why we are looking at the cattle market to see how we can get some balance back.”
There’s been some speculation that there may be a re-evaluation of cattle herd sizes to be done to try to get some consistency back.
“The industry has been under pressure from a glut of cattle due to drought and severe weather.
It has already seen a drop in the size of cattle farms, with some herds now approaching 10,000 animals.
However, Mr Macfarlayscope said cattle stocks would be maintained.”
I think you’re going to see a continuation of the supply in the cattle industry,” he said.
Topics:food-safety,farm-livestock,animal-behaviour,environment,food-processing,animal,animalation,animalia-4305,australia,canberra-2600,actFirst posted November 07, 2016 19:34:55More stories from Australia