A central goal of ecology is to understand how environmental variation affects populations. Long-term studies of marked individuals can quantify the effects of environmental variation on key life-history traits. We monitored the survival and growth of 336 individually marked juvenile eastern grey kangaroos (Macropus giganteus), a large herbivore living in a seasonal but unpredictable environment. During our 12-year study, the population experienced substantial variation in rainfall, forage biomass, and density. We used structural equation modeling to determine how variation in temperature and rainfall affected juvenile survival and growth through its effect on forage biomass and population density. Independently of population density, forage biomass had strong positive effects on survival from 10 to 21 months. At low population density, forage biomass also had a positive effect on skeletal growth to 26 months. Increasing maternal body condition improved rearing success for daughters but not for sons. High population density reduced skeletal growth to 26 months for both sexes. Rainfall had an increasingly positive effect on forage biomass at high temperatures, indicating a seasonal effect on food availability. Our study reveals interacting effects of environmental variation on juvenile survival and growth for a large mammal with a conservative reproductive strategy that experiences substantial stochasticity in food availability.