# High beef prices, low national herd: ABARES | Farm Online | ACT

> ABARES forecasts only a 7 percent rise in Australian saleyard cattle prices for 2020-21 and says high global beef prices will constrain herd rebuilding. Drought has left pasture recovery slow, and Chinese beef demand has been supporting prices despite coronavirus disruption.

- Date: 2020-03-02 · published 2020-03-02T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/54069-high-beef-prices-low-national-herd-abares-farm-online-act
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Constrained Australian herd rebuilding keeps beef supply tight, supporting prices. Strong export demand from China underpins that outlook.

## Read by commodity

- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2026-08-06 | [Beef prices surge as herd shrinks to 1951 low](https://feedsoft.ai/events/4741-beef-prices-surge-as-herd-shrinks-to-1951-low.md) | -0.3% | -8.1% |
| 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 | 2022-08-09 | [Shrinking U.S. cattle herd signals more pain from high beef prices](https://feedsoft.ai/events/39969-shrinking-u-s-cattle-herd-signals-more-pain-from-high-beef-prices.md) | +1.8% | +3.0% |
| 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 | 2020-06-15 | [Cattle prices to rise as production, exports fall: ABARES - Beef Central](https://feedsoft.ai/events/52571-cattle-prices-to-rise-as-production-exports-fall-abares-beef-central.md) | -4.3% | -5.9% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/6656689/high-beef-prices-low-national-herd-abares/

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