This report provides a comprehensive overview of the meat and livestock industry in Australia, examining its economic landscape and key market trends. It explores the performance of the Meat and Livestock Australia (MLA), highlighting factors such as global demand, trade contracts, and competition from other countries. The report analyzes the financial scope of the industry, including cattle and sheep populations, production, and export data for beef, veal, and sheep meat. It delves into factors influencing cattle and lamb prices, including drought conditions, herd restoration efforts, and global demand. The analysis also includes the impact of trade agreements, such as Brexit, on the export of Australian sheep meat to the EU. Finally, the report discusses the dairy industry, including milk prices and factors affecting the profitability of Australian dairy enterprises. The report uses data from 2018-2019 and projections up to 2023-2024, offering a valuable insight into the current state and future prospects of the Australian meat and livestock sector.
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