BEEF eaters be warned – your favourite cuts are likely to continue drawing premium prices well into next year.
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Meat and Livestock Australia market analyst Tim Ryan said record numbers of stock had been exported or slaughtered in the past two years and it would take at least another year before supplies returned to normal levels.
“The market is being driven by tight cattle supplies,” he said.
“In 2014 and 15 we turned off a record number of cattle … and that's really eaten into our cattle herd in Australia.
“Supplies are expected to remain tight over the next 18 months but as we gradually rebuild the herd we will see greater numbers of cattle eventually flow through the system.”
Mr Ryan was among speakers at the Border Beef Conference held at the Albury Entertainment Centre on Wednesday.
About 125 people heard about developments in meat grading and processing, herd management and improving profitability.