Australia’s live cattle exporters could soon enjoy another surge in prices as turbocharged demand from China makes beef the new iron ore.
Abattoirs on the mainland are almost ready to begin importing live cattle, a decade after Chinese demand drove iron ore prices to historic highs.
The first shipments are set to arrive in China early next year, potentially providing a further leg up to Australian cattle prices, which are already trading at record highs.
“It’s just like iron ore all over again,” said Chen Li, the general manager of Zhejiang YiHeng, a company approved to import and slaughter live cattle from Australia.
It’s just like iron ore all over again except for one tiny problem:
