Australian beef farming soars in international markets

Published Feb 15, 2023

Tridge summary

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.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to forecasts this year, the number of Australian cattle will exceed 28 million. A statistical study highlights that in the country during the next two years the production of cows for meat and milk will continue to increase despite the bad omens about the weather effects. Ripley Atkinson, an analyst for the Australian body Meat and Livestock of Australia, points out that market projections for 2023 will mean a substantial increase to reach 28.8 million head of beef. However, and looking back, he recalled the bad dry times in 2020 and 2021, when producers could not fulfill contracts due to lack of stock and a huge gap was created. In those two years, added the analyst, only 24.5 million cows were counted. For his part, Colin Greenfield, owner of a cattle farm in South Australia, told ABC journalist Lucy Cooper that during times of crisis, many farmers, instead of taking their herds to slaughter, encouraged raising cattle, which was very positive due to the increase in ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.