# Rebuilt herd pushes cattle prices down | Farm Online | ACT

> Australian cattle prices have eased as herd rebuilding after consecutive good seasons raises supply. The Eastern Young Cattle Indicator fell to 580 cents per kg carcase weight, almost half its level a year earlier. Rabobank estimates national slaughter will rise 16% in 2023.

- Date: 2023-06-05 · published 2023-06-05T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/35440-rebuilt-herd-pushes-cattle-prices-down-farm-online-act
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Rising slaughter and reduced restocker demand push cattle prices lower, with limited room for recovery unless drought hits dry regions.

## Read by commodity

- LCATTLE: bearish ▼

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/8222041/even-rain-wont-lift-cattle-market-now/

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