Australia: Livestock and Products Semi-Annual

Australian beef production and exports are forecast to remain strong in 2026, although moderating slightly from the record levels reached in 2025. Favorable seasonal conditions are expected to support the Australian beef industry in maintaining a large national herd while continuing to meet strong global demand for Australian beef. However, changes in global beef trade dynamics-most notably China's implementation of a beef safeguard mechanism from the start of 2026-are expected to soften overall demand for Australian beef. Demand for Australian live cattle exports is forecast to ease in 2026, largely due to rising feeder cattle prices. In the pork sector, Australian production is projected to grow by one percent in 2026, supported by strong domestic pork prices and relatively low feed costs. However, a strengthening Australian dollar is expected to improve the competitiveness of imported pork products while reducing the competitiveness of Australian pork exports.