Is there a bullish outlook for Aussie beef in 2024?

05/05/2024 16 min Episodio 19
Is there a bullish outlook for Aussie beef in 2024?

Listen "Is there a bullish outlook for Aussie beef in 2024?"

Episode Synopsis

It’s Beef Week in Rockhampton so let’s talk beef! After a massive push by Australia’s cattle industry to rebuild herds over the last couple of years, we’re now seeing the fruits of that labour. Things are looking good for Aussie beef with a combination of higher Australian production and tight supply in the U.S. In this episode, we examine the performance of Australian cattle prices and production and discuss the effects of herd rebuilding on supply and export trends. We also analyse how the U.S. market’s drop in production has impacted the Australian beef industry and predict what we could see for the remainder of 2024. We also have a very special opportunity for listeners at Beef Week to win, so stick around until the end of the episode for more info.   Resources and links: Beef Australia website   Connect: Rural Bank website Rural Bank on Facebook Rural Bank on Twitter Rural Bank on LinkedIn Rural Bank on YouTube   Any opinions, estimates, and projections in this podcast are for informational purposes only and do not take into account your personal circumstances. This show is produced in collaboration with Wavelength Creative. Visit wavelengthcreative.com for more information.See omnystudio.com/listener for privacy information.