date:Aug 25, 2014
per cent and 11 per cent respectively.
ABARES have now estimated the beef cattle herd (excluding dairy) to be 25.4 million head as of June 2014, down by four per cent on 2013, as a result of the continued dry period.
Over the same period cattle prices fell significantly, with ABARES highlighting the fall in prices due to the increase in slaughter, an increase in the share of cows on offer, poorer condition of animals available and low demand from restockers.