Duxton Farms (ASX:DBF) has issued an updated financial guidance due to changes in the operating environment.

The company's 2023 forecast has changed from a net loss of $7.8 million to a net loss after tax of $10.1 million, primarily due to a decrease in cattle prices, which led to a write-down of the value of its cattle by $1.8 million.

However, this loss does not impact the company's short-term cash or gearing position.

The company stated that while this new figure is not yet audited, it is expecting potential benefits from buying opportunities due to the general reduction in Australian cattle prices.

Furthermore, Duxton is currently a net buyer of livestock, especially in regions like the Northern Territory.

No other significant changes were noted in their operations.