By Caitlyn Gribbin
A depleted US cattle herd means feedlot placement numbers have dropped to their lowest levels since records began in the mid-1990s.
Steve Kay, from Cattle Buyers Weekly in California, says Australian cattle producers could be the key to keeping the US supplied with beef.
“I’ve been saying all year to my Australian friends ‘we need your beef’; it could be tens of millions of dollars, if not more,” he said.
“We do not anticipate cattle numbers, therefore beef production, increasing again in the United States until 2015 at the earliest.
“That gives Australia a clear two years of exporting more and more beef.”