Meltdown

The Australian cattle industry <a href="http://www.kticam.com/news/agricultural/efc2dd23-29b8-4d38-8ebe-20378233c818">appears to be in meltdown</a> because of drought and grain prices down under.<br />n<br />n<blockquote>Record high grain prices have thrown Australia's A$4 billion ($3.5 billion) beef cattle industry into disarray, emptying feedlots, cutting cattle saleyard prices and triggering price rises for domestic and exported beef. <br />nThe world's biggest beef exporter by value and the second-biggest exporter by volume, parts of Australia's beef industry have begun to shut down after feed grain prices doubled since June because of the decimation of crops by drought.</blockquote><br />n<br />nReading the article it sounds like US beef's biggest competitor for the Asian markets is in a little trouble and American producers might benefit. Drought has really caused problems down there and they are not producing the grain to feed people let alone cattle.<br />n<br />n<blockquote>Looming imports of grain — only the second time Australia has been forced to import wheat since colonial times — will not assist the cattle industry.</blockquote><br />n<br />nDrought is always the shits and really hurts producers. I feel for these guys but I have to see how I might be helped by this just like I can see how drought in this country can help me. Like always I don't wish problems on anybody but I can look on the bright side as how I might benefit. Maybe it's the wrong way to see things.<br />n<br />n<strong>Everything has beauty, but not everyone sees it. Confucius </strong>