Beef and Lamb New Zealand says significantly improved meat and wool prices will leave sheep and beef farmers in a healthier financial state this year.
The multinational business Cargill is looking at buying a 50 per cent stake in Teys Meat Group, which owns the Naracoorte abattoir.
The drop in sheep numbers is taking its toll on South Canterbury's two meat processing plants which have both been forced into no-killing days.
The abattoir in Young, NSW will not be operating again by April as planned, because costs to clean up the plant and expand its pig processing floor have blown out.
Swift Australia today reopened its King Island abbatoir, with assistance from the Tasmanian state government.