Supply and Demand: Basic economics; high demand and low supply increase prices, while low demand and high supply decrease prices.

Feed Costs: Higher feed costs for livestock producers often translate to higher livestock prices, impacting stock valuations.

Disease Outbreaks: Disease outbreaks, like foot-and-mouth, can disrupt supply, affecting both prices and stock performance.

Consumer Preferences: Changing consumer tastes (e.g., veganism) influence demand for livestock products, impacting prices and stocks.

Government Policies: Subsidies, tariffs, and regulations impact production and trade, influencing livestock prices and stock valuations.

Economic Conditions: Strong economic growth typically leads to higher demand for meat, increasing prices; recessions can reduce demand.

Weather Conditions: Droughts or extreme weather can impact feed availability and livestock health, affecting production and prices.

Trade Agreements: International trade agreements open or restrict markets, impacting exports and imports of livestock products.