A matter of when, not if, cattle prices will rise because of drought

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The relentless drought is seeing more breeding female cattle sent to slaughter, with industry leaders warning of significant price increases when the long dry does break.

"Cattle prices don't always directly lead to retail price increases, but over time these things are pretty strongly related," Mr Tolmie said."It obviously makes the procurement of beef, lamb and other meat products harder to source," Toowoomba butcher John Yeo said.While the price of beef has not spiked, it has been increasing, and that looks set to continue.

"I'd say for the foreseeable future, probably the year after, there'll certainly be increases in the price of beef. Hopefully it's not going to go where it becomes a luxury service," Mr Yeo said. "There'll probably be, it's hard to say, maybe a 20 per cent increase in the next 12 months for the price of beef."

 

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Drought, what drought. The Australian government has been screwing the Australian environment, and keeping the population stupid...

Noòooooooooooooooooooo

Liberals will like that. Inflation makes growth look good on paper.

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