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Sheep producers face gloomy outlook

News, Sheep

Sheep producers face gloomy outlook
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Mid-year sheep projections from Meat and Livestock Australia show the national flock has slid to 80 million, as producers shift out of sheep and into cropping.

It's forecast the Americans will take 18 per cent less of our lamb, hit by a flagging economy and a strong Australian dollar.

Debt is also on the rise, as producers try to meet record high grain and fuel costs.

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