As with Dairy values, Beef values have risen strongly, on average a 35% increase to the highest values ever seen for Beef Cattle. Following weak commodity prices in the 2023-24 year we have seen a much stronger red meat commodity market in the 2024-25 year. Farmgate beef prices are over 40% higher than the 5-year average, fuelled by strong US demand and a tight global red meat supply.
Ongoing land conversion to forestry will continue to constrain supply, with beef production expected to decline on the back of a smaller national herd size. If demand continues as expected farmgate prices are expected to hold the current high values.
The beef industry continues to be at risk from changes in environmental policies, many of which remain unsettled at Local and Central Government levels. As a consequence, we are likely to continue to see volatility in beef cattle values in the future.
Disclaimer: This blog has been carefully prepared, but it has been written in general terms only. The blog should not be relied upon to provide specific information without also obtaining appropriate professional advice after detailed examination of your particular situation.
