# Five key drivers for livestock markets in 2023 and beyond

> 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.

- Date: 2023-09-13 · published 2023-09-13T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/34034-five-key-drivers-for-livestock-markets-in-2023-and-beyond
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Australian livestock supply constraints and a longer-term protein tightening outlook matter for global meat and feed demand, though near-term prices remain pressured.

## Read by commodity

- LCATTLE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2022-03-17 | [Herd liquidation: Many factors beyond drought conditions impacting cattle markets – AgriNews](https://feedsoft.ai/events/42220-herd-liquidation-many-factors-beyond-drought-conditions-impacting-cattle.md) | +0.3% | +0.6% |
| LCATTLE | 2025-05-23 | [Beef Demand – The Key to Cattle Prices \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/24800-beef-demand-the-key-to-cattle-prices-farm-bureau-intel-markets-american-farm.md) | +0.1% | +4.5% |
| LCATTLE | 2026-01-28 | [Is the beef market headed for a crash?](https://feedsoft.ai/events/21196-is-the-beef-market-headed-for-a-crash.md) | +2.0% | +4.6% |
| LCATTLE | 2021-06-18 | [Explaining the volatile stock and bond market moves this week following the Fed's update](https://feedsoft.ai/events/5932-explaining-the-volatile-stock-and-bond-market-moves-this-week-following-the-fed.md) | +2.3% | +1.3% |
| LCATTLE | 2020-10-27 | [Rabobank: Meat markets ‘tested’ in Q4 \| 2020-10-27  \| MEAT+POULTRY](https://feedsoft.ai/events/50591-rabobank-meat-markets-tested-in-q4-2020-10-27-meat-poultry.md) | +1.8% | +5.0% |

## Sources

- elders.com.au: https://elders.com.au/our-services/news-advice/2023/five-key-drivers-for-livestock-markets

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