Cheaper steaks on the way as more meat heads to market

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An intense herd rebuild has left Australia with more cattle for market, and graziers and consumers alike are set to benefit.

abc.net.au/news/cattle-herd-rebuilds-as-northern-australia-emerges-from-drought/102510242It's mustering time at Retreat Station in Queensland's Channel Country, and Bob and Andrea Speed are busy in the cattle yards.Slaughter rates are set to increase as well

As Australia's herd is rebuilt after years of drought more cattle will head to market, which is good news for consumers.More cattle, cheaper steaks It meant they could not breed as many replacement animals, reducing how much meat made it to the supermarket."We've just got so much grass," she said.Once this mob are moved off the property, the Speed family will head to the Northern Territory to muster more cattle, including breeders, to bring back to their station.

Meat and Livestock Australia has projected that Australia's herd will grow to 28.7 million in 2023, its highest level since 2014.

 

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