Price swings predicted on good rain

IN ITS AUSTRALIAN 2019 Beef Cattle Seasonal Outlook, agribusiness banking specialist Rabobank has predicted that with the Australian cattle herd at a 20-year low, this year’s beef market will be heavily influenced by seasonal conditions, with a strong upside if conditions improve.

Price swings predicted on good rain Price swings predicted on good rain Price swings predicted on good rain Price swings predicted on good rain Price swings predicted on good rain

Rabobank senior animal proteins analyst Angus Gidley-Baird.

According to the new industry report, limited cattle inventory will make the market very sensitive to any changes in demand and exaggerate any price upside as a result of increased rain and better