Tim McRae - Economist, International Markets and Economic Services - in conjunction with Meat & Livestock Australia share a mid-year update on the Australian cattle industry projections.

1. Australian cattle industry projections mid year update Tim McRae – Economist, International Markets and Economic Services 10th August 2009

4. Economic growth, 2009 a shocker…but things to improve

5. A$ plummets…but then bounces back

6. Returns* from co-products fall Potential return

7. But producers have seen a fall in costs

8. Australian saleyard cattle prices have improved in the past 3 months - EYCI

9. Lower costs boost farm cash incomes

10. Not a bad past 12 months…especially in northern Australia

11. Good past 3 months…but much more needed in southern Australia

12. Australian cattle herd to expand towards 30 million head

13. Record proportion of female cattle to underpin herd growth

14. Australian herd continues to move north

15. Australian cattle turnoff to recover in 2010

16. Australian beef and veal production to steadily rise

17. Australian cattle on feed numbers to slowly recover

18. Beef exports to expand from 2010 onwards

19. Australian beef exports to Japan to increase 3% in 2010

20. Export prices to Japan fail to benefit from lower A$ in first half of 2009

21. Grainfed exports and prices to Japan

22. Australian beef exports to Korea to face increase competition

23. US to increase Korea presence in 2010

24. Australian beef exports to US to recover 13% in 2010

25. US cattle herd declining, with production falling

26. Australian exports to Indonesia a highlight…

27. Restrained exports to Russia … 2008 was “out of the box”

28. Australian beef exports to China and Hong Kong to record levels

29. Australian beef exports to Middle East to consolidate growth

30. Australian beef consumption to decline

31. Australian live cattle export to register steady growth

32. Indonesia will continue to underpin cattle shipments