# Beef prices have barely moved at the supermarket, frustrating farmers copping cattle price crash - ABC News

> Australian cattle prices have fallen by up to 64 per cent in recent months as producers offload stock during hot, dry conditions, and sheep prices have dropped up to 70 per cent. Retail beef prices have fallen only about eight per cent.

- Date: 2023-10-24 · published 2023-10-24T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/10315-beef-prices-have-barely-moved-at-the-supermarket-frustrating-farmers-copping
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Australian cattle price weakness driven by drought-related destocking reduces producer feed-buying power in the near term, while the wide retail gap points to margin pressure rather than a quick supply response.

## Read by commodity

- LCATTLE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2022-05-26 | [Input Prices, Drought Impacting Cattle Markets](https://feedsoft.ai/events/41540-input-prices-drought-impacting-cattle-markets.md) | -0.2% | +2.7% |
| LCATTLE | 2020-07-29 | [Feeder Cattle Future Price Spreads: Opportunities to Hedge? \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/52254-feeder-cattle-future-price-spreads-opportunities-to-hedge-ohio-beef-cattle.md) | +1.4% | +7.1% |
| LCATTLE | 2021-10-18 | [Cow-Calf Corner: Higher feed prices this winter - Texas & Southwestern Cattle Raisers Association](https://feedsoft.ai/events/44688-cow-calf-corner-higher-feed-prices-this-winter-texas-and-southwestern-cattle.md) | -0.4% | +5.0% |
| LCATTLE | 2018-07-29 | [Beef Market Update: Quiet trade week as we get closer to the halfway point of summer - RealAgriculture](https://feedsoft.ai/events/64172-beef-market-update-quiet-trade-week-as-we-get-closer-to-the-halfway-point-of.md) | +0.5% | -2.3% |
| LCATTLE | 2020-05-01 | [The impacts of COVID-19 on livestock and red meat markets \| Meat & Livestock Australia](https://feedsoft.ai/events/53084-the-impacts-of-covid-19-on-livestock-and-red-meat-markets-meat-and-livestock.md) | +3.2% | +16.8% |

## Sources

- abc.net.au: https://www.abc.net.au/news/2023-10-25/cattle-prices-collapse-but-beef-prices-barely-move-supermarket/102998042

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.