Bloomberg

Sorry, steak lovers: Australia's running out of cows

A farmer corrals cattle at a farm in Gunnedah, New South Wales, Australia, on May 29, 2020. Foto: Bloomberg/David Gray

In what would be a blow to steak lovers the world over, Australian beef may slip off global menus if cattle producers Down Under can't hasten the pace of a nationwide herd rebuild.

With herd sizes near the lowest since the early 1990s, the nation's beef producers may lose their No. 2 exporter position behind Brazil simply because they don't have the stock available to service a global market as demand picks up steam post-Covid-19...

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