| Markets | Updates |
| Young Cattle Market | Yardings rose to 61,619 head |
| Finished Cattle Market | Heavy Steer Indicator stable with a slight rise to 326c/kg lwt |
| National Restocker Heifer Price | Eased by 7c to 268c/kg lwt; continued high steer-to-heifer premium due to weak demand for breeding females |
| Eastern Young Cattle Indicator | 614c/kg cwt |
| QLD Cattle Slaughter | 75,364 - down 2,103 head from week prior |
Weather Summary
Early to mid-week will see isolated to scattered showers and thunderstorms in the southeast and southern interior, with additional showers across eastern districts south of Emerald, around the northeast coast, and over northern Cape York Peninsula. Most other regions will experience mostly sunny conditions. Temperatures are expected to be above average south of Richmond, especially in the southern interior, while remaining near average elsewhere.
Beef Producer Intentions Survey - SURVEY OPEN NOW
Access here.
Meat & Livestock Australia (MLA) is encouraging grassfed cattle producers to participate in the upcoming Beef Producer Intentions Survey, starting on 4 November. This survey is essential for collecting accurate data on herd demographics, producer sentiment, and market trends, especially following recent changes in federal data collection. Active producer involvement will enhance the reliability of industry statistics, aiding informed decision-making and strategic planning. The survey is concise, taking approximately 10–15 minutes to complete, and all responses are confidential
2024 National Saleyard Survey results posted
View here.
The 2024 National Saleyard Survey, released by Meat & Livestock Australia (MLA), indicates a substantial lift in livestock transactions with over 18.5 million sheep and cattle sales, up 2.1 million from last year. The strongest cattle gains were in Tasmania (28.6%), South Australia (27.6%), and Victoria (26.5%), while Queensland and Western Australia saw slight declines. For sheep, Victoria led growth (+14.8%), followed closely by New South Wales (+14.7%) and Western Australia (+11%). These figures underscore the role of cyclical herd and flock rebuilds and evolving market conditions in driving throughput shifts across regions. Full survey details are available via the NLRS website.
USA Election
Just a week and a half on from our QLD elections, the U.S. presidential election has resolved with Donald Trump elected as president, alongside a Republican-controlled House and Senate. As expected, much has already been written on the changes this may bring for the cattle industry and the world. It’s worth noting that during Trump’s last presidency, while tariff discussions and conflicts were prominent, Australian beef remained exempt. Time will tell if this position remains unchanged.
Back to the Future
The Queensland Government has reinstated the Department of Primary Industries (DPI), with Tony Perrett as the new Minister, officially shifting from the Department of Agriculture and Fisheries.
Key news:
- Australia edges closer to US-style grainfed beef production model - Beef Central
- October monthly beef exports smash records, led by booming US trade - Beef Central
- Ag department emphasises increase in forest cover with Greens deforestation questions - Beef Central
- Govt announces plans for new carbon methodologies, denies resourcing problems - Beef Central
- King Charles takes a keen interest in Aussie grassfed beef - Beef Central
President Policy Director
Peter Hall Daniel Counsell
(07) 47422474 (07) 3236 3100
0427 422 472 0429 649 881
Email Peter Email Daniel
Directors
North
Lloyd Hick
Blair Knuth
Alister McDonald
Rob Chaplain
Jane McMillan
Clay Kenny
South East
Ange Hutchinson
Ben Drynan
Southern Inland
Garth Christiansen
Kenneth Syme
Central
Mark Davie
David Hill
Bronte Lloyd
Tamara Finger
South West
Dan Radel
Special Directors
Carl Greaves (Corporate)