Unseasonal rain boosts Australian young cattle demand, increasing market value amid strong offshore beef demand.

Unseasonal rainfall in Australia's cattle-growing regions is expected to boost demand for young cattle, driving the market higher. This rain, along with excellent subsoil moisture, will create extra capacity in paddocks and potentially add more weight as spring unfolds. The strong market for finished cattle is expected to continue due to offshore beef demand, especially from the US. However, potential risks to maintaining high prices include competition from South American beef and storage of meat in overseas markets, particularly China.

August 13, 2024
8 Articles