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Australian heavy steer prices rose 5 per cent in October to 471 cents per kilogram live weight, the strongest monthly gain among four major beef exporters tracked by EP3. US prices gained 2 per cent to 701c/kg, Brazil rose 2 per cent to 351c/kg, while Argentina eased 1 per cent to 446c/kg.
Tight US cattle supplies after drought-driven herd liquidation keep US prices high, widening Australia's competitive advantage in beef exports. Stronger Australian values support feeder and finished cattle markets, though the price data is a routine comparison rather than a new supply shock.
farmonline.com.auMatt Dalgleish, Episode 3Nov 4, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
