MLA’s final Cattle Projections update for 2021 is now live on the MLA website.

The cattle and beef market continues at historic highs, with restocker and feeder demand fuelling record prices. Good seasonal conditions across the eastern states and southern Western Australia continue to underpin demand and confidence in the sector.

The extent of this rain post-drought has resulted in slaughter being revised down to 6 million head for 2021, the lowest level in 36 years.

Carcase weights, while still expected to reach record levels, have been revised slightly down to 308kg. The live export industry is facing a number of challenges, with fewer cattle being sent overseas to key markets. Just over 700,000 head are expected to be exported in 2021.

View the November Cattle Projections update here.