ABARES forecasts Australia's agriculture, fisheries and forestry production at a record A$101.6 billion for 2025-26, driven mainly by high livestock prices. Crop production value is forecast to dip slightly as wheat output and prices ease, though barley and pulses are rising.
Agriculture exports are forecast at A$74.6 billion, the third-highest on record.
Strong Australian livestock prices and output support beef, lamb and milk values, while slightly lower wheat production trims export supply. The effect on feed-grain prices is modest.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
After 268 past bullish report events, Live Cattle moved a median +0.3% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +1.7% over 20.
After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.