There are two things going on in Australia’s beef market right now.
One is the introduction of a new breed of cattle to the market.
And the other is that we’re getting closer to a global climate that will see global temperatures rise.
One of those things is the Australian cattle industry is on the ropes.
The other is the rise in the price for Australian beef.
The price of the Australian beef market is climbing rapidly, with the price up almost 300 per cent over the past year.
This is happening even though the Australian government’s carbon tax is set to expire on January 1, 2019.
There is a lot at stake in the beef industry.
According to the Australian Meat Association, there is $15 billion in market value in Australia alone.
That’s more than the value of the entire Australian economy.
And it’s just getting worse.
The Australian Bureau of Statistics estimates the beef market in Australia has lost around 30 per cent of its value over the last three years.
“The market has basically been flat,” says Tony Curnow, the president of the Queensland Association of Beef Exporters.
“It’s really a case of a lot of people have been shorting out, shorting the market, and people have not been paying what they should be paying.”
Mr Curnows cattle producer has seen the market drop to about $2 per kilogramme.
“If the price rises by 500 cents and I’m short a ton of beef, that’s $600,” he says.
The other major factor that is impacting the Australian market is the global warming that is expected to hit Australia in the next two decades. “
We need to get that price up.”
The other major factor that is impacting the Australian market is the global warming that is expected to hit Australia in the next two decades.
The ABC’s Daniel Johnson has learned that the global economy is expected, in fact, to grow by around 2 per cent this year.
The forecast also says Australia’s emissions will peak in 2026.
And because Australia is a large exporter of beef to the world, it’s likely the price will increase further in the years ahead.
Mr Cowlow says the biggest concern for the Australian industry is the drought that has been hitting the country for the past six years.
That has left cattle herds in drought.
And this is happening because of climate change.
“When the drought hits, you lose the grazing land you used to have, and the cattle will starve to death,” Mr Crowley says.
Mr Chawla, the chief executive of the Association of Australian Cattle Producers, says the drought has been bad for cattle production in the past, but that the current drought is worse.
“Our cattle are being slaughtered for the first time in more than 100 years,” he said.
“This is the first year in the last decade that we have had more than one calf per week.”
The problem with Australia’s climate change is that the price is also going up.
In recent months, the price has increased by 300 per-cent in the market’s last year, from $4.80 to $6.50.
In the past month, the market has jumped by 300-300 per cent.
“I think we are looking at a price increase of up to 10 to 12 per cent for a lot less money,” Mr Chowla says.
He says the rise has put the industry at a competitive disadvantage compared to the beef sector in other parts of the world.
“Australia’s cattle have been under pressure for quite a long time, but the price and the price per tonne of beef have been really driven up by the global market,” Mr Sallan says.
What are Australia’s problems?
The ABC spoke to a number of beef producers about the current price of beef.
One said he was losing money on a herd of cattle.
The biggest problem he had with the Australian price of cattle was that it was rising so fast that he couldn’t keep up.
“There’s so much competition in the world now, and it’s really hard to keep up with that,” he explains.
The market is also growing fast, especially in the South East.
Mr Tait says the global climate is causing the beef price to go through the roof.
“In the last two or three years, there’s been a big jump in the cost of beef in Australia,” he explained.
“And the average price of meat in Australia is now more than $8 per kilo, so we’re not just paying that for the cost.
We’re paying for the environmental impact.”
But is this the only way to go?
Some of the beef producers I spoke to were of the opinion that other methods to increase the price would be more cost effective.
“What we need to do is really focus on the environmental aspect, the food security, the health of our cattle,” Mr Taree says.
And he’s right.
The current market price is