Australian Beef Steaks May Vanish From World Menu

Australian Beef Steaks May Vanish From World Menu

Assessment

Interactive Video

Business, Other

University

Hard

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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.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

South America

Europe

Asia

North America