There was an air of grounded positivity in the cattle industry according to revellers at the Beef Australia Expo in Rockhampton, despite mixed conditions on either side of the supply chain.
Speaking on video at one of the first large-scale industry events held in person since the beginning of the pandemic, Fulton Market Group General Manager Connor FitzGerald said high beef prices had delivered mixed fortunes.
“If you're a cattle farmer at the moment, then things are extremely fortunate,” he said. “Prices are very high and the outlook's very, very good.”
“Conversely, if you're a meat packer, you're not having much fun at all.”
ANZ Regional Executive Lisa Hewitt said the cattle sector was looking “exceptionally positive for the next five years”.
“That's come off the back of some pretty tough times right across Australia for the beef industry,” she said, noting floods, drought and of course, the pandemic.