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ABARES forecasts the gross value of Australian agricultural production will rise to $86.2 billion in 2024-25, driven mainly by livestock values. Beef and lamb saleyard prices are forecast to rise 29% and 24% respectively on stronger global demand and constrained supply.
Higher Australian beef export prices and tighter global beef supply support cattle values and the broader livestock complex.
tradefarmmachinery.com.auJackson HaddadOct 12, 2024After 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.
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.
