Wellard Limited provided earnings guidance for the year 2017. For the year, the company expects that its trading losses for the second half of the financial year are likely to be significantly higher than the AUD 16 million loss reported in the company's first half. The total loss for the financial year will also be impacted by asset impairments and write-downs, and will not be fully known until nearer to end-August 2017. There are a series of reasons for these results, including a reduction of demand from South East Asian markets due to sustained high cattle prices in Australia resulting in extended favourable conditions for growers after the end of the Northern Australian wet season, and an extraordinary loss on one voyage in South America. The Company expects its potential losses before tax for the full year to be in the range of AUD 55 million to AUD 65 million, excluding impairments on vessels. In respect of the anticipated loss related to the voyage in South America, the loss reported in this financial year is likely to be in the range of AUD 8 million to AUD 10 million. This loss arose as a result of delays which caused some cattle to go out of specification, after which some stock was sold to another buyer at lower than predicted prices.