Elders Ltd. has released its winter 2025 outlook, highlighting a resilient performance by the Australian cattle markets amid challenging conditions. The autumn quarter saw support from a lack of weight in the south and disruptions in northern supplies due to Cyclone Albert and subsequent flooding. Prices were bolstered by good rainfall in parts of Western Australia and north of Dubbo in NSW. April witnessed a rise in slaughter and feeder markets as Queensland's disruptions forced processors to secure nearby supplies. Northern restocker activity increased, with producers eyeing southern cattle at attractive replacement costs. However, by May, as weather conditions improved, northern cattle began to move, and southern producers trimmed herds due to diminishing stock water. While slaughter markets faced pressure in May, feedlots and restockers remained active, driven by favorable conditions and strong medium-term outlooks for beef prices. This optimism was underpinned by soaring US demand for beef, which led to record-level US cattle and beef prices, as international supply dynamics remained favorable for Australian markets.