VIDEO: Market confidence boost

AN INVESTMENT of $30m into a regional abattoir is expected to deliver significant economic benefits to livestock producers and stability to the cattle market.

The Naracoorte-based Teys Australia announcement earlier this week has already injected confidence into the regional beef sector, which underpins 1700 cattle producers across the Limestone Coast.

Figures show red meat production – including beef, sheep and meat processing – is the second largest sector contributor to the Limestone Coast’s gross regional product.

The announcement is considered crucial given the Naracoorte abattoir will need to source additional livestock to feed its all-year-round operation.

Industry insiders also believe the benefits will


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