Beef Cattle

Beef values have fallen back sharply as a direct result of COVID-19, with both processor capacity and overseas demand having an impact on values.  R1, R2 and Mixed Age Cows have fallen in value by 26.64%, 19.05% and 19.56 % respectively, the lowest values in five years.

As with sheep and deer, COVID-19 has had a significant impact on values, and presents significant uncertainty across all markets for the foreseeable future.  Overseas demand is likely to remain muted for a considerable time as European and US restaurants remain closed.

On the domestic front, renewed threats to land use from forestry, water quality requirements, particularly in relation to fencing waterways and an upcoming general election all paint a picture of uncertainty over the coming 12 months.