Australian Beef Seasonal Outlook 2023: A Return to ‘Normal’ Is a Good Time To Plan for the Future

Cattle numbers are expected to grow as progeny from successive years of herd rebuilding start to flow onto the market. With increasing numbers, producer demand for livestock will be weaker. Slower economic conditions may yet have a bigger impact on beef demand through the year as prices are reduced to encourage volume throughput. As a result, cattle prices are not expected to see much upside or downside from early-April’s levels. However, while prices are not as good as in 2022, they do remain historically high.