"Higher than expected first quarter cattle slaughter has underpinned an upward revision for the 2015 total, with the effect rippling out to production and exports over the course of the year. In turn, the impact of tighter supplies on markets will be exacerbated in 2017, when slaughter is tipped to trough, before slowly increasing thereafter.
Influencing the second quarter 2015 beef update has been the persistence of dry conditions for most of central Queensland, and the likelihood of restocking interest remaining minimal until the next wet season."
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