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The ABARES December Quarter report forecasts Australia's record A$78 billion farm gross production value for 2021-22, with livestock prices and output rising. Saleyard lamb, cattle and wool prices are forecast to climb, and beef production is seen up about 4%.
Higher livestock output and prices point to firm Australian meat supply and pricing, with limited direct effect on feed grain prices.
sheepcentral.comDec 6, 2021After 78 past neutral report events, Live Cattle moved a median +0.2% over 5 sessions (54% higher; middle half -1.0% to +1.0%), and +0.7% 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.
