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 strategies might farmers employ to rebuild their cattle herds?

In what ways does the high Australian dollar impact the competitiveness of Australian beef producers?