Young cattle prices took a small breather ahead of Easter, as east coast slaughter figures went sideways.
The Eastern Young Cattle Indicator was marginally softer to close at 660.75¢/kg cwt, down 6¢ for the week.
East coast slaughter figures showed a marginal week on week change, with just over 112,000 head processed. The dip meant numbers processed were not dissimilar to this time last season.
Young cattle prices held above 660¢ for the week, encouraging an increase in supply. Daily yardings crept up over the last few days for a 25 per cent increase in daily throughput for EYCI cattle, with just over 18,000 head reported at east coast saleyards. It’s the first time daily numbers have been above 18,000 head since late February. The increased yardings resulted in a slightly softer EYCI.