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flag Australia’s beef production hits record 2.9 million tonnes in 2026, driven by strong demand and good conditions, but herd decline is expected by 2027–2028.

flag Australia’s cattle herd is projected to remain stable at around 30 million head in 2026, with beef production reaching a record 2.9 million tonnes—up 4% from 2025—driven by strong global demand, favorable northern conditions, and high slaughter numbers. flag Despite a 53% female slaughter ratio, indicating herd restructuring rather than decline, improved pasture growth from recent flooding supports rebuilding. flag Exports are forecast to hit a record 2.3 million tonnes, while cattle prices are expected to rise modestly. flag However, the herd is projected to begin declining by 2027–2028 due to sustained high slaughter, and global uncertainties, including the Middle East conflict, could disrupt trade and increase costs.

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