Wagyu price update for 2025
Market Morsel
Australian Wagyu prices strengthened through the final quarter of 2025, continuing the gradual recovery that has been underway since the sharp correction experienced during 2023. While the market remains well below the extraordinary highs recorded during the 2021–2022 period, the Q4 data suggest that prices across most Wagyu categories have stabilised and, in several cases, moved modestly higher as the year drew to a close.
Quarterly averages for Q4 show an uplift across every Wagyu category compared with the third quarter. F1 Wagyu averaged $1,797 per head during the quarter, up from $1,499 per head in Q3. F2 cattle averaged $1,847 per head, compared with $1,715 previously, while F3 Wagyu lifted to $2,070 per head from $1,908 per head in the previous quarter.
The higher genetic categories also recorded gains, with F4 Pureblood Wagyu averaging $2,783 per head and Fullblood Wagyu lifting to $4,418 per head. The improvement in Fullblood prices is particularly notable, following the sharp fall observed earlier in 2025.
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The range of prices observed during the quarter highlights the continued differentiation within the Wagyu market. F1 cattle traded between $1,720 and $2,400 per head during the quarter, while F2 cattle ranged between $1,800 and $2,600 per head. F3 Wagyu recorded transactions between $1,900 and $3,300 per head, reflecting greater variability in genetic quality and buyer demand.
Higher-end Wagyu categories displayed even wider spreads, with F4 Pureblood cattle trading between $2,650 and $3,500 per head and Full blood cattle ranging from $3,000 through to $5,500 per head.
Please note that any extreme price outliers reported in the Q4, 2025 Wagyu survey were omitted from the price range calculations and the average price is weighted by sales volumes. Although prices lifted during the quarter, the Wagyu premium over the broader cattle market remains below long-term norms for several categories.
The National Young Cattle Indicator averaged $1,383 per head during Q4, placing the premium for F1 Wagyu at roughly 30 per cent. This is slightly below the historical average of around 32 per cent observed between 2016 and 2025.