WITH the American cattle herd heading for a 70-year low and Australian meat needed to fill the void, livestock prices could see a significant recovery over the next three years.
That is according to independent livestock analyst Simon Quilty, from Global Agritrends, who gave last week’s RMA conference on the Gold Coast an in-depth analysis of the factors likely to drive the cattle market in the next three years – with a forecast of feeder steer prices reaching $6/kg in 2026-27.
Mr Quilty started by addressing the current price crash, putting it down to a to a “moderate herd…
