Room for optimism as big picture analysed

摘要

WHILE lotfeeders are experiencing the challenges of high grain and feeder cattle prices mixed with a resilient Australian dollar at present, the recent Meat & Livestock Australia (MLA) Marketing Taskforce provided some important and heartening contextregarding future fundamentals. Declines in beef herds in the US, EU, Russia and South America mixed with growing beef demand from the emerging markets of South East Asia, China, Russia and the Middle East offer significant potential. Naturally, these opportunities are entwined with considerable regulatory, trade and commercial challenges (among others), but they nonetheless provide cause for optimism.