Australia's struggling beef sector boosted by rains

Australia's struggling beef industry has received a boost from recent rains in the east of the country, which will increase grass growth to fatten up herds in the world's third-biggest beef exporter, producers said.

The wetter conditions in the aftermath of Cyclone Oswald mean farmers will keep cattle in herds for longer to add weight, taking some Australian supply out of the market over the next few months before an increase later this year.