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ABARES forecasts Australia's gross agricultural production value to rise $6 billion to $88.4 billion in 2024-25, the second highest on record. Livestock values are driving the gain, with beef and live cattle up $3.2 billion while milk values fall $740 million.
Higher livestock prices and turn-off signal firm cattle values, while lower milk prices reflect softer farmgate dairy returns.
tradefarmmachinery.com.auStaff WriterJan 7, 2025After 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 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% 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.
