October 29, 2025 • 5 mins
Our Australian correspondent talks Trump, record lamb and beef prices, why net zero is an ideology, not a policy, and agriculture topping the Uni student satisfaction survey.
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Episode Transcript
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Speaker 1 (00:00):
He's our guy in Australia. Chris Russell and Chris we
have been breaking bread Australia and New Zealand with Trump.
Speaker 2 (00:07):
Yeah, we have been. And it looks as though, you know, Olvos,
Trump's new best friend says he's a great bloke. He's
doing great job. Reminds me of Harold Holts all the
way with LBJ, you know, And so we're all roses
at the moment. We've got our first Virginia class atomic
submarine has now come into Sterling Submarine Base in Perth,
(00:29):
which has been rejeeged for the first time a submarine
from America like that has been fully serviced for six
months outside of America. They're going to be constantly there.
We've got one hundred and forty sailors and officers now
serving on Virginia class submarines around the world learning how
to do it. So Orcas has done and dusted. We've got,
(00:50):
of course, the new arrangements over the rare earth. That's
all going to be worth eight billion dollars a year
and everyone's happy about that. And no one cares about
the ten percent taraf on beef because the Americans can't
get enough of our beef and they'll keep buying it
and happy to pay the extra money. So everything is
very raisy from that department.
Speaker 1 (01:08):
Jamie, let's talk about meat. Red meat will come back
to beef lamb. I can't believe this, Chris Russell, you're
suggesting lamb prices are likely to hit thirteen dollars fifty
per kilogram next one to that's Aussie dollars. That's about
fifteen dollars a kilo. Here, huge money.
Speaker 2 (01:25):
Well, this is not Chris Russell saying this. This is
Global Trends analyst Simon Quilty saying that the heat in
his prediction seasonal supply meant that the market is going
to be currently down a bit at the moment, but
next year price you're likely to go to thirteen dollars
fifty akila. Now he's not suggesting that sustainable, and he
(01:48):
thinks that once our flock starts to respond to that
sort of money, we'll go back to about nine dollars
fifty for twenty twenty seven and it will be sustainable
at that level. But when you think we've gone, you know,
from ten dollars fifty this year to thirteen dollars fifty
next year, you know, that's a massive increase going to
be a lot of people breeding a lot of lambs
(02:09):
if they possibly can for that sort of money.
Speaker 1 (02:11):
Jamie Well boats well for New Zealand sheep farmers to
bring it on. You mentioned the sheer volume of beef
hitting into the US. It seems Trump and his mates
just can't get enough of our hamburgers or our meat
and their hamburgers.
Speaker 2 (02:24):
Now Well, I said, and of course it's not just
about the amount of meat. It's also about the type
of meat. It wouldn't matter if their beef herd was
well up, and of course it's currently I think it's
nineteen fifty eight levels in terms of their total herd.
But even if it was higher that meat, the offcut
meat they use their hamburgers is largely out of feedlots,
(02:45):
which means it's got too high level of fat in it.
So they need our lean, grass fed offcuts and meat
to actually get that to the level they want for
the hamburger meat. So it's just insatiable. It's unbelieved or
how much they're taking. Forget about ten percent tariffs. People
winging about Argentina getting a ninety thousand ton permit to
(03:07):
send their Argentina meet in just to drop in the bucket.
Compared to Australia, they're not even thinking about it here
because we just can't produce enough meat. Kicking up at
at the moment.
Speaker 1 (03:16):
Jomie Scott Morrison, your former PM, has seen and I
think I'm with them on this one. NET zero is
an ideology, not a policy.
Speaker 2 (03:26):
Yes, well, I think I agree with you. I think
it's an aspiration and it's a great aspiration. But as
I've said for a long time, you know, just Darwinian
theory would tell you that those populations that survive are
the ones that adapt, not the ones that change. So
survival of fittest doesn't mean changing the environment to fit us.
That means changing ourselves to fit the environment. And I
(03:49):
think we will get these increases in global temperatures and
ocean temperatures regardless of what we're doing, especially seeing the
biggest contributors to emissions aren't even on board with this.
So we need to really put our exit back into
the basket of adapting. And I think that's the message
that's coming out clearly from some of the more realistic
politicians who are not trying to necessarily suck up to
(04:11):
some sort of climate change god at the moment. That's
not to say getting rid of emissions isn't a good thing,
but what it's saying is it's not the sole answer
and to do it at any cost, and the cost
to Australia is massive in terms of our cost to
our industry costs. We should have the cheapest energy in
the world and we've got some of the dearest energy
in the world and that's just not sustainable. And so
(04:34):
therefore we've just got to make sure that the ideology
doesn't overwhelm the reality of living and being an economy.
Speaker 1 (04:40):
Jamie, I just want to finish on a good news story.
Agriculture tops the Australian University Students Satisfaction survey. Kids are
happier or young people are happy are doing agriculture than
any other course.
Speaker 2 (04:52):
Yeah. Absolutely. Agriculture and forestry rated a eighty four point
eight percent positive rating for overall education experience months undergraduates.
That's a fantastic result. It's a student experience survey conducted
by an Australian government a program called Quilt Quality Indicators
for Learning and Teaching. Now, when you look at the
(05:14):
positive ratings vetory. Science was high as well eighty two
point five percent, dentistry seventy two, engineering seventy one, and
it's all the way down from there. Computing only sixty
seven percent, So agriculture is the most popular. There are
statistically four jobs for every graduate in Australia. We all
need to encourage our children and grandchildren to consider that
(05:36):
career if that's what they love. And I do that
every day if I have that opportunity.
Speaker 1 (05:40):
Indeed you do, Chris Russell, thanks for Tom catching next week.
Speaker 2 (05:43):
No worries
He's our guy in Australia. Chris Russell and Chris we
have been breaking bread Australia and New Zealand with Trump.
Speaker 2 (00:07):
Yeah, we have been. And it looks as though, you know, Olvos,
Trump's new best friend says he's a great bloke. He's
doing great job. Reminds me of Harold Holts all the
way with LBJ, you know, And so we're all roses
at the moment. We've got our first Virginia class atomic
submarine has now come into Sterling Submarine Base in Perth,
(00:29):
which has been rejeeged for the first time a submarine
from America like that has been fully serviced for six
months outside of America. They're going to be constantly there.
We've got one hundred and forty sailors and officers now
serving on Virginia class submarines around the world learning how
to do it. So Orcas has done and dusted. We've got,
(00:50):
of course, the new arrangements over the rare earth. That's
all going to be worth eight billion dollars a year
and everyone's happy about that. And no one cares about
the ten percent taraf on beef because the Americans can't
get enough of our beef and they'll keep buying it
and happy to pay the extra money. So everything is
very raisy from that department.
Speaker 1 (01:08):
Jamie, let's talk about meat. Red meat will come back
to beef lamb. I can't believe this, Chris Russell, you're
suggesting lamb prices are likely to hit thirteen dollars fifty
per kilogram next one to that's Aussie dollars. That's about
fifteen dollars a kilo. Here, huge money.
Speaker 2 (01:25):
Well, this is not Chris Russell saying this. This is
Global Trends analyst Simon Quilty saying that the heat in
his prediction seasonal supply meant that the market is going
to be currently down a bit at the moment, but
next year price you're likely to go to thirteen dollars
fifty akila. Now he's not suggesting that sustainable, and he
(01:48):
thinks that once our flock starts to respond to that
sort of money, we'll go back to about nine dollars
fifty for twenty twenty seven and it will be sustainable
at that level. But when you think we've gone, you know,
from ten dollars fifty this year to thirteen dollars fifty
next year, you know, that's a massive increase going to
be a lot of people breeding a lot of lambs
(02:09):
if they possibly can for that sort of money.
Speaker 1 (02:11):
Jamie Well boats well for New Zealand sheep farmers to
bring it on. You mentioned the sheer volume of beef
hitting into the US. It seems Trump and his mates
just can't get enough of our hamburgers or our meat
and their hamburgers.
Speaker 2 (02:24):
Now Well, I said, and of course it's not just
about the amount of meat. It's also about the type
of meat. It wouldn't matter if their beef herd was
well up, and of course it's currently I think it's
nineteen fifty eight levels in terms of their total herd.
But even if it was higher that meat, the offcut
meat they use their hamburgers is largely out of feedlots,
(02:45):
which means it's got too high level of fat in it.
So they need our lean, grass fed offcuts and meat
to actually get that to the level they want for
the hamburger meat. So it's just insatiable. It's unbelieved or
how much they're taking. Forget about ten percent tariffs. People
winging about Argentina getting a ninety thousand ton permit to
(03:07):
send their Argentina meet in just to drop in the bucket.
Compared to Australia, they're not even thinking about it here
because we just can't produce enough meat. Kicking up at
at the moment.
Speaker 1 (03:16):
Jomie Scott Morrison, your former PM, has seen and I
think I'm with them on this one. NET zero is
an ideology, not a policy.
Speaker 2 (03:26):
Yes, well, I think I agree with you. I think
it's an aspiration and it's a great aspiration. But as
I've said for a long time, you know, just Darwinian
theory would tell you that those populations that survive are
the ones that adapt, not the ones that change. So
survival of fittest doesn't mean changing the environment to fit us.
That means changing ourselves to fit the environment. And I
(03:49):
think we will get these increases in global temperatures and
ocean temperatures regardless of what we're doing, especially seeing the
biggest contributors to emissions aren't even on board with this.
So we need to really put our exit back into
the basket of adapting. And I think that's the message
that's coming out clearly from some of the more realistic
politicians who are not trying to necessarily suck up to
(04:11):
some sort of climate change god at the moment. That's
not to say getting rid of emissions isn't a good thing,
but what it's saying is it's not the sole answer
and to do it at any cost, and the cost
to Australia is massive in terms of our cost to
our industry costs. We should have the cheapest energy in
the world and we've got some of the dearest energy
in the world and that's just not sustainable. And so
(04:34):
therefore we've just got to make sure that the ideology
doesn't overwhelm the reality of living and being an economy.
Speaker 1 (04:40):
Jamie, I just want to finish on a good news story.
Agriculture tops the Australian University Students Satisfaction survey. Kids are
happier or young people are happy are doing agriculture than
any other course.
Speaker 2 (04:52):
Yeah. Absolutely. Agriculture and forestry rated a eighty four point
eight percent positive rating for overall education experience months undergraduates.
That's a fantastic result. It's a student experience survey conducted
by an Australian government a program called Quilt Quality Indicators
for Learning and Teaching. Now, when you look at the
(05:14):
positive ratings vetory. Science was high as well eighty two
point five percent, dentistry seventy two, engineering seventy one, and
it's all the way down from there. Computing only sixty
seven percent, So agriculture is the most popular. There are
statistically four jobs for every graduate in Australia. We all
need to encourage our children and grandchildren to consider that
(05:36):
career if that's what they love. And I do that
every day if I have that opportunity.
Speaker 1 (05:40):
Indeed you do, Chris Russell, thanks for Tom catching next week.
Speaker 2 (05:43):
No worries
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