Cut to cattle herd value

The company said it will slash the value of its herds, citing continued dry weather that has negatively affected domestic cattle prices.

According to the article, the decision is partly because rainfall on its northern Australia properties has been well below average and demand for cattle for restocking has declined, contributing to much lower domestic cattle prices.

The article reports that continued dry weather has hit domestic cattle prices, which are now well below prices from last year.

Rainfall has been reported as well below average for the company’s properties in northern Australia and is lower than rainfall during the 2007 drought.

The article states that demand for cattle for restocking has declined, which is one factor contributing to the cut in herd value.

The article says domestic cattle prices are well below last year’s levels.

The article specifically identifies the company’s properties in northern Australia as experiencing well-below-average rainfall and being most affected.

The article points to a few key indicators investors may want to watch: company updates about herd valuations, rainfall and weather conditions on northern Australian properties, domestic cattle price trends, and demand for restocking.