Elders Ltd. has released its 2025 Commodity Market Review, highlighting robust performance in the Australian cattle market. The report notes that cattle prices have strengthened significantly across all major categories, driven by strong international demand for Australian beef. Despite the price rally, a large heifer price discount indicates that widespread herd rebuilding has not yet commenced. The market upturn has been fuelled by increased demand, with slaughter rates up 9 percent and beef production rising 13 percent for the year to September. Cattle on feed also increased by 7 percent year-on-year. Australian beef exports surged 15 percent, led by strong growth in North America (up 21 percent), China (up 44 percent), and the UK (up 333 percent). Other notable increases include Japan (up 2 percent), Korea (up 10 percent), and the EU overall (up 92 percent). However, exports to Other Asia declined by 7 percent, with Indonesia down 24 percent. In contrast, live cattle exports fell by 4 percent.