Worries Build As Feedyards Reach Capacity12 April 2013
AUSTRALIA - Pressure is mounting in feed yards as drought leads to increasing placements.
Some feedlots are already full with reports from the Australian Lot Feeders Assocation (ALFA) saying cattle, intended for live export, are being put on feed to gain weight in Australia, according to reports from ABC Rural.
ALFA president Don Mackay told ABC Rural that this is typical of many of the country's pastoral areas.
"We're starting to see cattle come forward that would be considered to be in the lighter store condition and they're the most vulnerable animals as well.
"Those feed yards that are custom feeding or feeding for a range of markets, and particularly generic short-fed product, they are the ones that see that influx of cattle that arrive," said Mr Mackay.
Dry conditions are hampering agrifood giant Cargill which has reported a 42 per cent drop in net earnings on the same period a year ago.
North American drought impacts are also affecting earnings.
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