Rain lifts Australian cattle prices as pasture prospects improve, CommBank says

By Public Technologies
  • Rain improved pasture prospects and lifted Australian cattle prices across the board, according to CommBank agricultural economist Dennis Voznesenski.
  • Young cattle prices climbed 3.3% for the week; heavy steers rose 2.1%.
  • Processor cow prices gained 2.3%; feeder steers increased 1.2%.
  • Northern NSW and Queensland received 5–200mm of rain over the past week; parts face another 25–150mm over the next eight days.
  • Tight US beef supply continues to support Australian export demand, Voznesenski said.


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