# Drought wipes billions from Australian farm production - ABC News

> ABARES reports the value of Australian farm production fell to about $58 billion in 2018-19, driven by eastern drought and a decline in live animal exports. Floods in Queensland could further reduce live cattle export volumes.

- Date: 2019-03-04 · published 2019-03-04T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/60039-drought-wipes-billions-from-australian-farm-production-abc-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Lower Australian livestock exports and reduced grain output shift demand toward other suppliers, supporting prices for competing exports while cutting local feed availability.

## Read by commodity

- BARLEY: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2025-01-07 | [ABARES predicts strong year for agricultural production - Trade Farm Machinery](https://feedsoft.ai/events/26459-abares-predicts-strong-year-for-agricultural-production-trade-farm-machinery.md) | +1.5% | +4.7% |
| LCATTLE | 2019-02-08 | [Adjusted beef production forecast could be good news - Brownfield Ag News](https://feedsoft.ai/events/60724-adjusted-beef-production-forecast-could-be-good-news-brownfield-ag-news.md) | +0.4% | +2.8% |
| LCATTLE | 2024-10-12 | [ABARES tips growth in production for year ahead - Trade Farm Machinery](https://feedsoft.ai/events/27828-abares-tips-growth-in-production-for-year-ahead-trade-farm-machinery.md) | -0.2% | -0.5% |
| LCATTLE | 2019-12-17 | [USDA projects lower hog prices, adjusts meat production for 2020 - Brownfield Ag News](https://feedsoft.ai/events/55722-usda-projects-lower-hog-prices-adjusts-meat-production-for-2020-brownfield-ag.md) | +0.5% | +4.0% |
| 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

- abc.net.au: https://www.abc.net.au/news/rural/2019-03-05/value-of-australian-farm-production-drops-abares-figures/10867294

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