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Queensland Cattle Producers Predict High Prices in 2017

11 January 2017

AUSTRALIA - Queensland cattle producers are looking forward to the year ahead, although they do not doubt there will be some challenges.

This year the state's cattle herd is expected to be the smallest since 1993 with a total of 25.9 million head, largely due to the sell-off prompted by many years of drought.

But the lack of stock has not dimmed the optimism of produces such as Greg Boto from Nebo, in North Queensland.

"I think everyone is feeling very positive on the year going forward; cattle prices have come off the boil, but I do think they will still stay pretty firm and positive," he said.

However, Mr Boto believed the market for breeders would only get tougher, particularly as export boats now want a certain percentage of their stock to include female cattle.

"That will impact the market in the north because there are a lot of northern producers wanting to rebuild numbers and there is going to be a market to sell breeders as well," Mr Boto said.

Source: ABC

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