Australian wildfires having big impact on beef and cattle
The wildfires that have burned more than 15 million acres in Australia has had a massive impact on the nation's cattle herd.
According to the Oklahoma Farm Report, nine percent of the country's cattle are in areas significantly impacted by the fires and 11 percent are in areas partially impacted.
The fire has mainly affected New South Wales, which has already lost at least 6,00 head of livestock.
The fires, combined with flooding, have brought Australia's cattle numbers to 24 million head, a 30-year low.
Additionally, the beef production forecast for 2020 is 15 percent lower than 2019. Australia is expected to drop to fourth in global beef exports, according to the Oklahoma Farm Report.
Australia exports about 24 percent of its beef to China, 23 percent to Japan and 20 percent to the United States.