Australia's largest cattle company, AACo, turns it finances around, but what about the road ahead? - ABC News

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Australia's largest cattle company turns its finances around, but uncertain times lay ahead

It said the turnaround was "largely attributable to the $254.6 million swing in the value of livestock herds", with live cattle markets recovering from sharp price declines last financial year."The issue we've got is the strong performance this year is probably going to be overshadowed by COVID-19 and the pandemic."Chinese suspension of beef plants

Mr Killen said the company was confident it could redirect that meat into other export markets such as South Korea and the United States. As hospitality venues around the world closed due to coronavirus restrictions, Mr Killen said AACo moved to increase sales to the retail sector and had been working hard to find markets for its high-end Wagyu products.

 

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Lie* ahead. The ABC can't even speak English now.

onceaweekmeat will stop that capitalist strategy

That pictures has got me a hankering to throw a steak on the barbie. 🥩

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