Record high grain prices have thrown Australia's A$4 billion ($3.5 billion) beef cattle industry into disarray, emptying feedlots, cutting cattle saleyard prices and triggering price rises for domestic and exported beef.
The world's biggest beef exporter by value and the second-biggest exporter by volume, parts of Australia's beef industry have begun to shut down after feed grain prices doubled since June because of the decimation of crops by drought.
Reading the article it sounds like US beef's biggest competitor for the Asian markets is in a little trouble and American producers might benefit. Drought has really caused problems down there and they are not producing the grain to feed people let alone cattle.
Looming imports of grain -- only the second time Australia has been forced to import wheat since colonial times -- will not assist the cattle industry.
Drought is always the shits and really hurts producers. I feel for these guys but I have to see how I might be helped by this just like I can see how drought in this country can help me. Like always I don't wish problems on anybody but I can look on the bright side as how I might benefit. Maybe it's the wrong way to see things.
Everything has beauty, but not everyone sees it. Confucius
Just one man getting sick and tired of our country being told what to do by "the world".