# Cattle prices to rise as production, exports fall: ABARES - Beef Central

> ABARES' June quarter outlook expects Australian saleyard cattle prices to rise about 4% over the next 12 months to 556 cents/kg. The beef herd is at a 30-year low of 21.1 million head, and restocking will constrain turn-off, production and exports. Improved pasture conditions after recent rain are noted.

- Date: 2020-06-15 · published 2020-06-15T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/52571-cattle-prices-to-rise-as-production-exports-fall-abares-beef-central
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Tight Australian supply and restocking support beef and cattle prices, and reduced export volumes could tighten global beef supply.

## Read by commodity

- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2018-06-18 | [Cattle prices set to fall 8pc in 2018-19: ABARES - Beef Central](https://feedsoft.ai/events/64469-cattle-prices-set-to-fall-8pc-in-2018-19-abares-beef-central.md) | -1.6% | -2.5% |
| LCATTLE | 2022-08-23 | [Beef herd contraction supports cattle prices \| Capital Press](https://feedsoft.ai/events/39971-beef-herd-contraction-supports-cattle-prices-capital-press.md) | -0.6% | +0.3% |
| LCATTLE | 2023-05-22 | [USDA foresees Less Beef Production and Higher Cattle Prices Cattle Range](https://feedsoft.ai/events/4498-usda-foresees-less-beef-production-and-higher-cattle-prices-cattle-range.md) | +0.8% | +8.0% |
| LCATTLE | 2024-06-13 | [Cattle prices holding; production contracting](https://feedsoft.ai/events/29679-cattle-prices-holding-production-contracting.md) | +1.9% | +1.8% |
| LCATTLE | 2018-10-12 | [U.S. livestock: Cattle futures rise on cut in beef production estimate - AgCanada](https://feedsoft.ai/events/62669-u-s-livestock-cattle-futures-rise-on-cut-in-beef-production-estimate-agcanada.md) | +0.0% | +3.5% |

## Sources

- beefcentral.com: https://www.beefcentral.com/news/cattle-prices-to-rise-as-production-exports-fall-abares/

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