WATCH: Beef producer optimism is growing, and so will herd sizes

Optimism and confidence continue to grow for Australian beef producers, with overall sentiment lifting significantly in the past year, according to the latest Beef Producer Intentions Survey (BPIS) from Meat & Livestock Australia.

The survey, is run three times a year by MLA, with the latest report on data collected between October and December 2024. Positive industry sentiment has lifted to 47% for this survey, compared to 11% from 12 months earlier and 34% from April 2024.

The survey spoke to more than 3,400 grassfed beef cattle producers and covers producer sentiment and intentions, herd profile, breed demographics, sales channels, and expected sales for 2025.

“Producer sentiment has lifted across all states compared to last year,” Manager for Market Information at MLA, Stephen Bignell, said.

“For example, positive sentiment in Queensland has lifted to 59 points and New South Wales sentiment has also lifted to 51 points.

“Strong sentiment between states reflects the better conditions and prices contributing to the improved outlook, leading to improved producer sentiment and intentions over the next 12 months.”