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News 252 views last update:6 Aug 2012

36% reduction in AU cattle on grain

Australia has fewer cattle on grain compared with last year. A drop of 36% was seen as a result from high feed grain prices and a strong Australian dollar.

However, a bumper sorghum crop should now work in the industry's favour, says Malcolm Foster from the Australian Lot Feeders Association.

"If we have return to normal seasons and grain production in Australia during 2008 then we will see grain prices come back to some degree and the sums will start to work when grain prices come back, cattle prices come back or meat prices rise or all three" says Foster.

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Source: abc.net.au

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