Australia: Livestock and Products Semi-annual
Link to report:
Australia’s beef production and exports are forecast to drop sharply in 2020 as the industry enters a period of herd rebuilding. Although significant rainfall in some key cattle areas in January and February were a positive sign for farmers, further precipitation will be key to determining the extent of rebuilding. FAS/Canberra forecasts Australia’s beef exports to fall by 20 percent in 2020. Australia’s pork production is forecast to remain largely the same in 2020, although higher expected swine numbers due to rising prices could result in a recovery in pork production later in the year.
