# Australian Cattle Price Falls to Nine-Year Low as El Niño Looms - Bloomberg

> Australian cattle prices have fallen to their lowest level in about nine years. Ranchers are culling an expanded herd ahead of drier weather from the onset of El Niño, and prices have slumped almost 60% this year.

- Date: 2023-10-03 · published 2023-10-03T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/10396-australian-cattle-price-falls-to-nine-year-low-as-el-nino-looms-bloomberg
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

El Niño drought risk reduces Australian pasture and grain feed availability, while herd culling increases supply and pressures cattle prices further.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| FCATTLE | 2022-11-13 | [All Drought, No Cattle: Low herd supply may drive record-high prices next year](https://feedsoft.ai/events/38615-all-drought-no-cattle-low-herd-supply-may-drive-record-high-prices-next-year.md) | +2.2% | +3.8% |
| FCATTLE | 2020-02-14 | [Feeder cattle prices explode, as the restocker/lotfeeder challenge builds - Beef Central](https://feedsoft.ai/events/54724-feeder-cattle-prices-explode-as-the-restocker-lotfeeder-challenge-builds-beef.md) | +2.8% | -17.1% |
| FCATTLE | 2026-10-26 | [Feeder cattle market: Gridlock as prices surge to “anyone’s guess” - Beef Central](https://feedsoft.ai/events/587-feeder-cattle-market-gridlock-as-prices-surge-to-anyone-s-guess-beef-central.md) | -3.5% | — |
| FCATTLE | 2018-08-22 | [US cattle herd expansion slowdown \| Meat & Livestock Australia](https://feedsoft.ai/events/63471-us-cattle-herd-expansion-slowdown-meat-and-livestock-australia.md) | +0.1% | +4.3% |
| FCATTLE | 2023-01-10 | [Three drought years expected to push US cattle inventory to 72-year low \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/37725-three-drought-years-expected-to-push-us-cattle-inventory-to-72-year-low-an.md) | -2.2% | +1.9% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-10-03/australian-cattle-price-falls-to-nine-year-low-as-el-nino-looms

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