# ABARES tips growth in production for year ahead - Trade Farm Machinery

> 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.

- Date: 2024-10-12 · published 2024-10-12T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/27828-abares-tips-growth-in-production-for-year-ahead-trade-farm-machinery
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Higher Australian beef export prices and tighter global beef supply support cattle values and the broader livestock complex.

## Read by commodity

- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2025-01-07 | [ABARES predicts strong year for agricultural production - Trade Farm Machinery](https://feedsoft.ai/events/26459-abares-predicts-strong-year-for-agricultural-production-trade-farm-machinery.md) | +1.5% | +4.7% |
| 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 | 2019-02-22 | [Another Record Year for Meat Production Forecast for 2019](https://feedsoft.ai/events/60541-another-record-year-for-meat-production-forecast-for-2019.md) | +1.5% | +1.8% |
| 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 | 2019-03-04 | [Drought wipes billions from Australian farm production - ABC News](https://feedsoft.ai/events/60039-drought-wipes-billions-from-australian-farm-production-abc-news.md) | +0.8% | -0.5% |

## Sources

- tradefarmmachinery.com.au: https://www.tradefarmmachinery.com.au/abares-tips-growth-in-production-for-year-ahead/

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