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Widespread October rainfall restricted cattle availability in northern Australia, with Queensland’s cattle yarding index falling from 85% in September to 29% in October and its slaughter index declining from 46% to 34%. Yarding and slaughter activity increased in several southern states, while stronger competition from restockers and feedlots accompanied sharply firmer cattle prices.
Rain-related disruption to cattle movements and lower availability in Queensland constrain near-term marketings, while restocker and feedlot demand adds competition for animals. These conditions support Australian cattle prices, though supply and activity varied by state.
episode3.netMatthew DalgleishNov 8, 2026After 80 past bullish weather events, Live Cattle moved a median +0.1% over 5 sessions (54% higher; middle half -0.8% to +1.3%), and +0.7% over 20.
After 79 past bullish weather events, Feeder Cattle moved a median +0.1% over 5 sessions (53% higher; middle half -1.4% to +1.7%), and +1.4% over 20.
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.
