Cattle Price Forecast 2024. Following three years of herd growth leading to the largest cattle herd in 10 years in 2023, the australian cattle herd is expected to ease by less than 1% to 28.6 million head by 30. Cattle producers are coming off a year of record high prices in 2023.
31, 2024, cattle inventory report, live cattle and feeder cattle futures prices do remain firm to slightly higher. The first assumption one needs to make is where we are at in the drought cycle.
Greater Opportunities For Exports In.
The cattle price forecasts for 2023 and 2024 are mixed.
Australian Cattle Prices Should Trend Higher During The First Half Of 2024 After Experiencing Significant Declines Throughout 2023.
Beef cattle prices rising now and expected to keep rising in 2024.
The Market Saw Support From Tighter Cattle Supplies Generally, Alongside Consistent Consumer Demand.
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High Probability To Know Where The Live Cattle Price Is Heading….
In 2023, forecasts called for strong prices for feed and feeder cattle.
If We Believe It Is Just Starting (I.e.
Australian cattle prices should trend higher during the first half of 2024 after experiencing significant declines throughout 2023.
Prices Have Continued Strongly Into The Early Weeks Of 2024.
