Australia: Livestock and Products Annual
Link to report:
The Australian beef industry has entered into a phase of major herd rebuilding after being decimated by the severe impacts of a two-year drought in 2018 and 2019 across much of the beef producing region. This rebuild is expected to be in full force in 2021. Widespread rains in Australia since the start of 2020, and forecasts for above-average rainfall in coming months, have triggered strong re-stocker demand and raised cattle prices in Australia to record levels. Because of this situation, FAS/Canberra forecasts lower cattle slaughter, cattle exports, beef production, and beef exports in 2021.
