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Macquarie chases red meat market
4 Sep 2007
Macquarie Pastoral Group, a division of Macquarie Bank, has purchased its second major property, The Bulls Run near Wagga Wagga. The group is planning to purchase over 300,000 cattle and a similar number of sheep as it plans to cash in on surging demand for red meat worldwide. The property mainly runs sheep but is able to carry both sheep and cattle, as well as some dry-land irrigated crops such as soy beans, lucerne, wheat, barley, canola and red clover. Asia is expected to import more beef than Australia's total production by 2010, according to a Macquarie spokesman.
Daily Telegraph, 4/09/2007
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