AuctionPlus cattle selling platform has said 2022 will be a year of fundamentals versus history.
"The uniform acknowledgement and appreciation for the fundamentals driving the Australian cattle market to its pinnacle are clear. Rain, the low breeding herd number, and plenty of feed have fueled the climb. At the forefront of cattle producers’ minds is the opportunity to capitalise on “once in a generation” prices.
"This is weighted against the rich historical background and cyclical nature of the Australian cattle industry whereby prices and seasons will “eventually return to normal”. In effect, the rarity of the present market situation is front of mind, underpinned by the decades of experience to know that this doesn’t last," the forecast report says.