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Speaker 1: When the old trev counterbeaate is raging this week at

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Speaker 1: the Red Meat Sector conference. They've made an extra one

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Speaker 1: point two billion this year. Red meats so hot right now,

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Speaker 1: but stock levels are a problem. We are, as they say,

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Speaker 1: leaving money on the table. So what to do? Nathan,

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Speaker 1: Guys the Meat Industry Association Independent chairing is with us. Nathan,

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Speaker 1: morning to you, morning Mite. It is gutting, I suppose,

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Speaker 1: isn't it to know that we could have made even

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Speaker 1: more money if we wanted to.

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Speaker 2: Yes, that's right. We're in really good shape. Return to

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Speaker 2: a fantastic for our farmers. They've had a real problematic

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Speaker 2: couple of years and they've got to spring in their step.

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Speaker 2: Our processes are doing pretty well buy and large. There's

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Speaker 2: obviously geopolitical issues and a few headwinds that play with

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Speaker 2: tariff and a few other things. But if we did

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Speaker 2: add more volume, we would return more money through to

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Speaker 2: processes and farmers. Unfortunately, trees have had a bit of

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Speaker 2: an impact and that's just the reality of I guess

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Speaker 2: dealing with the numbers that we have to deal with.

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Speaker 1: Has anyone managed to square the circle? Because if I'm

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Speaker 1: a farmer and somebody offers me more only for my

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Speaker 1: farm to plant some trees than they are to sell

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Speaker 1: to the family wants to run the cows and the sheep.

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Speaker 1: What am I supposed to do.

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Speaker 2: Well? That is an issue. I guess you sell to

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Speaker 2: who you want to. Some farmers have said they didn't

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Speaker 2: want to sell the trees. They've wanted to sell to

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Speaker 2: their neighbor. Others have sold to the trees. The government

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Speaker 2: have got this bill working its way through the Parliament

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Speaker 2: at the moment that's going to stop and restrict blanket

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Speaker 2: planting of trees on classes one to six. We support

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Speaker 2: that bill. The reality is though there's still opportunities for

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Speaker 2: meat companies to make more value out of product. Also,

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Speaker 2: there's another stream there that's available to them, and that's

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Speaker 2: bobby calves and there's one point nine million of those

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Speaker 2: processed every year. If farmers choose to rear some of

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Speaker 2: those stock and the beef value chain as the hell

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Speaker 2: of an advantage for the.

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Speaker 1: Red meat sector that class one to six thing. Is

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Speaker 1: that going to solve a problem or has the horse

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Speaker 1: already bolted?

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Speaker 2: It will solve a problem, But we have lost stock

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Speaker 2: over the last three years. Might be in the vicinity

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Speaker 2: of I was trying to do some numbers on the

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Speaker 2: back of an envelope last night. Maybe a million lambs,

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Speaker 2: maybe two hundred thousand beef, four hundred thousand month, and

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Speaker 2: that's over three years. If you equate that number to

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Speaker 2: today's prices, it might be in the vicinity of a

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Speaker 2: billion dollars lost over three years. So it's unfortunate, but

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Speaker 2: I guess if we step back and think about the demand,

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Speaker 2: the demand is incredibly strong, particularly out of the US,

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Speaker 2: despite the ten percent tariff. UK EU fantastic just went

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Speaker 2: up to the China market with the PM recently green

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Speaker 2: shoots appearing there, so we're in very good shape, very

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Speaker 2: positive outlook. It's fantastic, good stuff.

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Speaker 1: Nathan. Nice to catch up with you with a good news,

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Speaker 1: Nathan Guy. Meat Industry Association Independent Chare Cattle herd sizes

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Speaker 1: in America lowest levels in seventy four years. This is

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Speaker 1: what I was reading yesterday. There is no sign that

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Speaker 1: any of that's changing. Prices through the roof in America,

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Speaker 1: so they're all angsty. It's the new egg story, but

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Speaker 1: there is no sign that that's changing anywhere. But the

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Speaker 1: demand stays the same. They cannot get enough meat for burgers,

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Speaker 1: and that's where we fit in, so it's good news.

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