Australian beef production set to nudge record levels in 2025

Australian beef production in 2025 is expected to come close to equalling production records set in 2024, Rabobank says in its newly-released Australian Beef Seasonal Outlook 2025.

The annual report, by the agribusiness banking specialist’s RaboResearch division, says the high beef production volumes are being matched by growing global demand – with the relatively-balanced market expected to support stable prices and good returns for Australian beef producers.

Report author, RaboResearch senior animal proteins analyst Angus Gidley-Baird, said successive favourable seasons – with the exception of ongoing significant dry areas in Victoria and southeast South Australia – have allowed Australian cattle numbers to build.

“The increased calving from this larger cattle inventory is now flowing into markets as finished cattle, with 2024 setting a new record (2.57 million tonnes) in Australian beef production,” Mr Gidley-Baird said.