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Australian cattle numbers are expected to decline slightly to 26 million head in 2019 due to widespread drought in the two major cattle producing states.
Milk production is forecast at 9.5 million metric tons in 2018, up two percent from last year due to favorable seasonal conditions in southern dairy regions.
Column chart comparing the change in value of U.S. agricultural exports before and after key trade agreements.
Australia is expected to improve its global competitiveness as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Agreement is likely to reduce tariffs and provide....