Australia’s official Government commodity forecaster is expecting livestock prices to fall over the next financial year, as the pace of herd and flock rebuilds fuelled by successive above-average rainfall years begins to slow.
The value of beef and sheepmeat exports are expected to fall to $9.4 billion and $3.6 billion respectively, as price falls outweigh an increase in export volumes, the ABARES June 2022 commodities outlook report released this morning forecasts.
Herd and flock rebuilding is continuing in many parts of the country, but ABARES’ report suggests the frenetic buying…
