# ABARES predicts strong year for agricultural production - Trade Farm Machinery

> 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.

- Date: 2025-01-07 · published 2025-01-07T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/26459-abares-predicts-strong-year-for-agricultural-production-trade-farm-machinery
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher livestock prices and turn-off signal firm cattle values, while lower milk prices reflect softer farmgate dairy returns.

## Read by commodity

- MILK: bearish ▼
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2024-10-12 | [ABARES tips growth in production for year ahead - Trade Farm Machinery](https://feedsoft.ai/events/27828-abares-tips-growth-in-production-for-year-ahead-trade-farm-machinery.md) | -0.2% | -0.5% |
| LCATTLE | 2025-05-01 | [ABARES: agriculture output tipped to reach milestone - Trade Farm Machinery](https://feedsoft.ai/events/24629-abares-agriculture-output-tipped-to-reach-milestone-trade-farm-machinery.md) | +0.3% | +2.0% |
| LCATTLE | 2025-03-07 | [China: Livestock and Products Semi-Annual \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/25572-china-livestock-and-products-semi-annual-usda-foreign-agricultural-service.md) | +2.1% | +6.7% |
| LCATTLE | 2020-06-15 | [Cattle prices to rise as production, exports fall: ABARES - Beef Central](https://feedsoft.ai/events/52571-cattle-prices-to-rise-as-production-exports-fall-abares-beef-central.md) | -4.3% | -5.9% |
| LCATTLE | 2023-06-05 | [Cattle numbers down 3% this year, market prices on the rise - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/35617-cattle-numbers-down-3-this-year-market-prices-on-the-rise-agweek-1-source-for.md) | +1.7% | +2.7% |
| MILK | 2023-09-06 | [U.S. Agricultural Exports Forecast at $172.0 Billion in Fiscal Year 2024 - Farm Policy News](https://feedsoft.ai/events/14815-u-s-agricultural-exports-forecast-at-172-0-billion-in-fiscal-year-2024-farm.md) | -1.3% | -0.8% |
| MILK | 2024-02-29 | [Global dairy forecast: 2024 milk production and trade - Dairy Global](https://feedsoft.ai/events/31686-global-dairy-forecast-2024-milk-production-and-trade-dairy-global.md) | -4.1% | -4.8% |
| MILK | 2018-03-09 | [World Agricultural Supply and Demand Estimates Predict Milk Production Up for 2018 • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/65991-world-agricultural-supply-and-demand-estimates-predict-milk-production-up-for.md) | +1.0% | +1.8% |

## Sources

- tradefarmmachinery.com.au: https://www.tradefarmmachinery.com.au/abares-predicts-strong-year-for-agricultural-production/

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