World s most expensive steak now Australian as cattle shortage, demand drive record price
WedWednesday 23
updated
ThuThursday 24
Steak nights might become rare amid a bullish beef market.
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Key points:
The record prices come among a frenzy of restocking after the drought
The rural property market continues to climb
Beef prices in Australia hit an all-time high in 2020, with the key indicator hitting $8 per kilogram, making it the most expensive in the world.
It s been a record year in the livestock sector, but 2021 could be even bigger, according to AuctionsPlus.
The online trading platform boomed during the pandemic as producers battled to restock after years of drought and chased cattle and sheep from all over Australia.