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Australian Beef in Rebuilding Phase
WASHINGTON - Feb 5/05 - SNS -- Australia's beef industry is expected to continue to rebuild cattle numbers in calendar year 2005, a process that began in the second half of 2004, reports the U.S, agricultural attache for the country.
High cattle prices and excellent seasonal conditions in the lead-up to 2005 have greatly improved industry confidence. This cattle herd rebuilding phase, which began toward the end of 2004, follows a partial herd liquidation due to severe drought conditions that began in 2002 and continued into the first half of 2004.
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