THERE are plenty of reasons to believe the good times for Australia’s cattle game will continue for some years yet but more importantly is the opportunity that exists right now to build on the good fortune.
For many producers, the aim now is not just rebuilding herds to pre-drought levels but making them even stronger to capitalise on boom times ahead for beef.
This was the message from ANZ’s agribusiness insights team at a Beef Australia discussion yesterday looking at the strong position the cattle industry is currently in.
ANZ head of agribusiness Mark Bennett said solid underpinning demand, better weather conditions, record low cost of finance and high cattle prices had placed producers in a very strong position.
“Those who’ve had…