AUSTRALIAN cattle prices are forecast to fall by 8 per cent in 2018-19, as the Australian cattle herd expands for the third consecutive year, according to ABARES’ mid-year projections released today.
The official Government economic forecasting agency believes the weighted saleyard price of beef cattle will average 420 cents a kilogram next financial year.
This is just 8 percent higher than the 10-year average.
Forecasts for Australian beef and veal included in ABARES June 2018 commodities report released today include:
To rea the full report click here