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Analyst Simon Quilty says Australian cattle prices fell over 50% and sheep meat prices fell 54-75% over 18 months, driven by labour shortages at processors, weak markets and dry conditions since March 2023. He expects livestock prices to rebound substantially over five years as global protein supplies tighten.
Australian livestock supply constraints and a longer-term protein tightening outlook matter for global meat and feed demand, though near-term prices remain pressured.
elders.com.auSep 13, 2023After 18 past neutral macro events, Live Cattle moved a median +0.1% over 5 sessions (61% higher; middle half -1.0% to +1.6%), and +1.0% 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.
