# Prices tipped to remain buoyant for herd revival | Stock Journal | SA

> Australian beef prices hit records in 2016, with the Eastern Young Cattle Indicator averaging 27 percent above 2015 on a small herd. MLA expects prices to ease slightly in 2017, with tight supply in the first half and pressure in the second half as herd rebuilding progresses.

- Date: 2017-01-06 · published 2017-01-06T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/72951-prices-tipped-to-remain-buoyant-for-herd-revival-stock-journal-sa
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Expected herd rebuilding in Australia points to rising beef supply later in 2017, which could pressure global beef prices.

## Read by commodity

- LCATTLE: bearish ▼

## Sources

- stockjournal.com.au: https://www.stockjournal.com.au/story/4373059/prices-tipped-to-remain-buoyant-for-herd-revival/

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