Cattle

May 5 2016 - 9:00am

THE EYCI closed marginally lower on the week, down 3¢ to 545.75¢/kg cwt and is now approaching levels where the indicator should consolidate. East coast cattle yarding numbers reported this week were 41,950 head. This represents a 33 per cent drop from the 2015 figure and is 19.8 per cent below the five-year average for this time of year. Yarding figures for NSW, SA, Queensland and Victoria are all now tracking below their respective long-term average levels pointing to a general tightening of supply.

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