Punter's blind leap of faith

By Punter
September 18 2017 - 4:00am
A big part of Wellard’s problems has been the high price of cattle in Australia, especially for lighter steers that go to Indonesia, which is the company’s largest market.
A big part of Wellard’s problems has been the high price of cattle in Australia, especially for lighter steers that go to Indonesia, which is the company’s largest market.

IT MAY still be the nation’s biggest cattle exporter, but it has enormous debts, its losses more than tripled in the year ended in June, and it has several times breached its banking covenants.

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