Indonesia has thrown another hand grenade into the room. The import quota has gone but has been replaced by a requirement for breeder cattle to be imported alongside slaughter cattle. The Indonesian feedlotters are not happy with the Indonesian governments latest quirky attempt to create a local cattle industry. It will also be interesting to see how the business model of much of the northern cattle industry (i.e. throw as many on a boat as possible and hope the rest don't starve to death during the dry season) adapts to this new scenario if it ever eventuates.
VALE holds very real concerns as to the fate and monitoring of the 20% breeders that we will be required to ship with the cattle for slaughter. What assurance will Australia have that they dont end up slaughtered out of ESCAS (and not just at the end of their breeding life).