Higher yardings leads to decline


Aa

The EYCI dropped 3 per cent on the week to close at 636.5¢/kg cwt, despite beef export prices managing to hold onto the recent gains.

Aa

Queensland posted a large jump in throughput compared to the 2016 trend and five-year average.

The 19,246 head recorded a 57.8 per cent increase on the average for this time of year. Queensland was the only state to see price falls in all NLRS reported saleyard categories of cattle, on the back of the higher yardings. Feeder steers led the decline, posting a 4 per cent drop to 353¢/kg lwt.

NSW experienced price declines in all categories apart from medium and heavy steers.

The EYCI dropped 3 per cent on the week to close at 636.5¢/kg cwt, despite beef export prices managing to hold onto the recent gains.

Softening US cattle futures are creating some headwinds for the 90CL and providing a barrier to local cattle prices extending gains achieved since the start of the season.

*Mecardo Ag Concepts

Aa

From the front page

Sponsored by