A 24 percent lift in forecast saleyard prices next financial year is the headline forecast for beef producers in ABARES’s latest annual outlook statement released today.
ABARES predicts robust export prices and strong restocker and processor demand to drive the nominal average saleyard price for cattle to 599 cents per kilogram carcase weight in 2024-25.
The forecast rise follows the recent fall in prices, which ABARES says will average 483c/kg this financial year ending June 30, which is 27 percent lower than the 662c/kg average of 2022-23.
In line with rising prices next financial…
