Investor Presentaiton
Cattle
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The herd rebuild is expected to continue in 2018-19.
However, seasonal conditions in the north and high beef
prices relative to long term averages will incentivise
producers to maintain a high rate of turn off, constraining
growth.
Cattle prices are set to fall by 4% in 2018-19 to 439cents per
kg, as competition in key beef export markets intensifies from
competitors US and Brazil.
Live exports of Australian feeder and slaughter cattle are
forecast to increase by 4% to 910,000 heads, almost all the
forecast growth is expected to go to Indonesia.
Australian dairy herd numbers are expected to increase in
2018-19 by 1%, reflecting an expected rise in average farm-
gate milk price of 48 cents per litre.
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Source: ABARES Agricultural Commodities Outlook, March 2018
Australian Cattle herd
Million heads
+2%
2014 2015 2016 2017 2018f 2019f
Weighted average saleyard price
Ac/kg dressed weight
650
600
550-
500
-4%)
450
400
350
300
250
2014 2015 2016 2017
2018f 2019f
Elders
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