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ABARES' June 2022 outlook forecasts Australian livestock prices to fall next financial year as herd and flock rebuilding slows. Beef export value is expected to drop to $9.4 billion and sheepmeat to $3.6 billion, with the beef herd expected to grow about 6%.
Expected herd growth and falling prices point to lower Australian cattle and lamb values, with rising production adding supply to export markets.
beefcentral.comJames NasonJun 7, 2022After 144 past bearish report events, Live Cattle moved a median -0.1% over 5 sessions (49% higher; middle half -1.1% to +0.9%), and +0.5% over 20.
After 126 past bearish report events, Feeder Cattle moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +2.0%), and +0.6% 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.
