Rain boosted Australian cattle prices, reducing selling pressure and increasing demand, especially in the south.

Rain has lifted cattle prices across key Australian regions, especially in the deep south, as improved pasture conditions reduce selling pressure and boost restocker demand. The Eastern Young Cattle Indicator rose 46 cents to 870 cents per kilogram carcase weight, nearing its September peak, driven by stronger interest in steers and heifers. Feeder heifer prices climbed 20 cents, and yardings dropped by 8,223—the lowest in two months—reflecting increased producer confidence. Better feed availability and stable market conditions have curbed panic selling, with agents noting renewed demand in NSW, Victoria, and South Australia. Analysts cite herd stability and expanded processing capacity as key factors supporting sustained record beef exports to the U.S. through 2026.