In 2003/04 Australian cattle prices are awaited to rise as a proceed of a significant decline in cattle slaughter.

In 2003/04 Australian cattle prices are awaited to rise as a proceed of a significant decline in cattle slaughter, according to the December quarter commodities forecasts from the Australian Bureau of Agricultural and Resource Economics (ABARE).

ABARE forecasts that total cattle slaughter in 2003/04 will fall 11% onward 2002/03 to a seven year gentle of 8.2 million head,