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ABC online today,paste below..I bet the zoo`s are hurting which makes the deer shot seem even more wasteful. In the last three years Australia has recorded its highest cattle herd in 30 years. What's hard to fathom, is in that same period it has tumbled to its lowest inventory in two decades. Cattle are in high demand; from restockers, feedlots and processors. It is driving up the price at the saleyards and at a retail level. That price pain is expected to continue into the 2016-17 season. This financial year, the national agricultural forecaster ABARES predicts the weighted average saleyard price of beef cattle to increase further to average 530 cents a kilogram. Prices are tipped to soften by 2020, on the back of increased global competition for beef exports. ABARES forecasted the national beef cattle herd was expected to fall by 2 per cent to 23.7 million head by the middle of this year. |