June 10 (Reuters) - Wellard Ltd WLD.AX :
* Wellard is on target to ship approximately 450,000 cattle in FY 2016
* Company's earnings for the year ending 30 June 2016 will be lowered by several factors
* Company now expects to record a pro forma FY 2016 net profit after tax of about $23.5-$30 million based on current exchange rates
* Expects the shipping and trading margin pressure in Australia will continue in the short to medium term"
* Source text for Eikon ID:nASX93VxpF