Australian Beef Steaks May Vanish From World Menu

Australia's cattle herds are at a 30-year low due to prolonged droughts, impacting the beef industry. Recent rains have improved conditions, but farmers face challenges in rebuilding herds. High cattle prices and a strong Australian dollar make the market uncompetitive compared to South American producers. The risk of losing market share looms if herd numbers don't increase, compounded by potential future droughts.

What has been the primary reason for the reduction in cattle herd sizes in Australia?

• Technological advancements

• Government regulations

• Prolonged drought conditions

• Increased demand for beef

What recent event has helped Australian farmers begin to rebuild their cattle herds?

• Decrease in beef prices

• A season of good rainfall

• Government subsidies

• Introduction of new cattle breeds

What is a significant challenge in rebuilding cattle herds in Australia?

• High cost of feed

• Increased competition from local markets

• Lack of skilled labor

• Time required to prepare cattle for slaughter

How does the strong Australian dollar affect the beef industry?

• It makes Australian beef more competitive

• It reduces the cost of production

• It makes Australian beef less competitive

• It increases domestic demand

Which regions are becoming more competitive against Australia in the beef market?

• South America

• Europe

• Asia

• North America