Whilst not as buoyant as the sheep market, cattle prices remain respectable. Very poor conditions in Queensland has seen herd numbers reduce dramatically. It will be years before the size of the national herd recovers to pre-drought numbers.
It can be confidently predicted, that when the drought does end, livestock prices will go much higher. This will be because farmers will be keeping stock to rebuild numbers instead of selling them. Supply will fall, prices will rise. Some farmers who have had to sell stock because they had no feed, will find it very difficult to buy back stock at higher prices.