Cattle market at around median of 20 year price range
To properly analyse long term financial data, inflation needs to removed from the data to understand changes in real terms, which reflect the changes in purchasing power over time. We’ve updated our long-term analysis of the Queensland cattle market to include March data (to 25/3/24). This is shown in the graph below, which shows an index of Queensland cattle prices in real terms over the last 38 years. The coloured bands are the percentile ranges for the preceding 20 years. Queensland cattle prices are currently sitting at the 46th percentile of 20yr prices. While prices today do seem low relative to the high seen in December 2021, since which time they have dropped 47% in real terms, the cattle market has been lower than the current level for nearly half…