Australia's cattle population is projected to exceed 28 million this year, with an expected increase in meat and milk production over the next two years, despite potential weather challenges. This comes after a period of dry times in 2020 and 2021, during which producers couldn't fulfill contracts and the stock gap was significant. The article also mentions the top countries with the highest potential for beef production, including India, Brazil, China, the United States, the European Union, Argentina, Russia, Mexico, and Uruguay.