Cattle slaughter has been averaging greater than 30% above the five-year numbers for all of 2025, and continues to take action, with the year-to-date whole, in accordance with Meat and Livestock Australia figures, 9% increased year-on-year. Traditionally, slaughter numbers maintain at their present ranges via till the final two weeks of the yr, and the provision equation ought to assist that this yr as nicely. With regards to the heavy steer class, nonetheless, the worth bump signifies these stay a sizzling commodity, with weights impacted by the up-and-down season within the south, and rains doubtlessly slowing provide early within the north.
International commerce continues to drive demand, as greater than 139,000 tonnes of Australian beef was exported in October, the second-largest month-to-month quantity on report. This introduced year-to-date figures 15% above the identical interval in 2024, and 35% above the five-year common for January to October. The US, Australia’s largest beef export market in 2025, was down barely each from the earlier month and year-on-year for October, however put in perspective stays traditionally robust, recording the fifth-largest month-to-month quantity on report and bringing its year-to-date determine to 17% increased, greater than 350,000 tonnes. And as of final week, the reciprocal 10% tariff utilized in April to Australian beef has now been eliminated.
