# Australia cashes in on beef exports as US cattle herd shrinks | Reuters

> Australian heavy steer prices are around A$3.50 a kilo, below recent peaks but above last year's low of A$2, according to Meat & Livestock Australia. Australia is benefiting from strong beef export demand as the US cattle herd shrinks.

- Date: 2024-10-17 · published 2024-10-17T12:00:00.000Z
- Category: trade · region Australia · magnitude low
- Page: https://feedsoft.ai/events/27809-australia-cashes-in-on-beef-exports-as-us-cattle-herd-shrinks-reuters
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

A smaller US herd and firm Australian export demand support global beef prices, which tends to lift cattle values in both exporting and importing markets.

## Read by commodity

- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2023-11-10 | [US reduces beef exports as cattle herd shrinks, squeezing Tyson Foods \| Reuters](https://feedsoft.ai/events/33104-us-reduces-beef-exports-as-cattle-herd-shrinks-squeezing-tyson-foods-reuters.md) | -1.2% | -5.4% |
| LCATTLE | 2026-01-23 | [Australian beef exporters adapt as China caps imports, shifts global trade flows](https://feedsoft.ai/events/21185-australian-beef-exporters-adapt-as-china-caps-imports-shifts-global-trade-flows.md) | +1.1% | +6.1% |
| LCATTLE | 2025-02-28 | [Beef prices may rise as Canadian ranchers shrink cattle herds, fearing Trump tariffs](https://feedsoft.ai/events/25981-beef-prices-may-rise-as-canadian-ranchers-shrink-cattle-herds-fearing-trump.md) | -1.3% | +5.8% |
| LCATTLE | 2019-09-27 | [Cattle futures surge as trade grows bullish on potential U.S. exports to Japan](https://feedsoft.ai/events/57214-cattle-futures-surge-as-trade-grows-bullish-on-potential-u-s-exports-to-japan.md) | +3.3% | +7.5% |
| LCATTLE | 2026-08-25 | [Flesh-eating screwworms, beef price surge collide as Mexico resumes cattle exports to U.S. - Los Angeles Times](https://feedsoft.ai/events/17846-flesh-eating-screwworms-beef-price-surge-collide-as-mexico-resumes-cattle.md) | -1.1% | -0.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/australia-cashes-beef-exports-us-cattle-herd-shrinks-2024-10-17/

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