# World's most expensive steak now Australian as cattle shortage, demand drive record price - ABC News

> Australian beef reached an all-time high in 2020, with the Eastern Young Cattle Indicator hitting about $8 per kilogram, the highest in the world. Analysts say it could reach $10 per kilogram in 2021 on strong consumption and export demand.

- Date: 2020-12-23 · published 2020-12-23T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/49597-world-s-most-expensive-steak-now-australian-as-cattle-shortage-demand-drive
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Record cattle prices driven by restocking and a shrinking herd signal continued firmness in livestock costs for feedlots and beef buyers.

## Read by commodity

- LCATTLE: bullish ▲

## Sources

- abc.net.au: https://www.abc.net.au/news/rural/2020-12-24/australian-beef-the-most-expensive-in-world/13003190

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