Australia's beef exports set to break records due to US drought and strong demand.

Australia's beef exports are poised to set a new record this year, fueled by ongoing drought conditions in the U.S. that hinder the national cattle herd's recovery. The U.S. has been importing double its usual beef volume, creating opportunities for Australia to fill supply gaps. Despite rising retail prices, U.S. beef consumption remains strong. Additionally, diversifying exports to markets like Indonesia has further bolstered demand for Australian beef.

October 12, 2024
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