Blog Post

BeefEX: Currency decline adding to lotfeeders’ cost challenges

THE recent deterioration in value of the Australian dollar has added further operating cost headwinds for Australian lotfeeders seeking to replace expensive overseas-made equipment.

The A$ sank to around US62c in value late last week, continuing a recent rapid decline, and back about 16 percent in value on this time last year.

Currency was a common topic of discussion among delegates mingling around more than 60 commercial trade displays at the grainfed beef industry’s biennial BeefEX conference which started in Brisbane this morning.

One feedlot which is feeling the currency impact, as…

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