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In October, heavy steer prices rose 5% in Australia to 471 Australian cents/kg live weight, while US and Brazilian prices each gained 2%; Argentine prices slipped 1%. The report attributes continuing US price support to tight cattle supplies after drought-driven herd liquidation, while Australian cattle remain considerably cheaper than US cattle.
Restricted US cattle supplies support US livestock prices and offer Australian beef exporters a competitive price advantage. Stronger Australian prices narrow that advantage somewhat, but Australia remains at a substantial discount to the US.
episode3.netMatthew DalgleishNov 8, 2026Not 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.
