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<img src='content_image/145105.jpg'>

## 3. Cattle Operations 

The Group continues to drive the herd improvement process through an ongoing focus on genetic breed types, age profile and fertility. This has allowed the Group to achieve a more balanced exposure to grass finished cattle, Wagyu long grain fed, finished breeder cattle and live exports. 

During the 3 month period to 31 March 2013 the Company delivered 41,186 head (prior corresponding period – 29,646 head) of cattle as set out in the table below. 

<img src='content_image/145104.jpg'>

