Australian cattle prices have surged to their highest level in more than two years, buoyed by favourable rainfall and heightened trade tensions between the US and China that has renewed buyer interest from Asia.
The Eastern States Young Cattle Indicator climbed to $7.12 a kilogram this week – its highest level since March 2023, according to Meat & Livestock Australia. It marks a sharp rebound from the low of $3.49 in late 2023, when drought conditions and market uncertainty dampened sentiment.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.