Supply increase puts stop to rise

Supply increase puts stop to rise


Aa

The EYCI remains close to its highest level in 15 weeks.

Aa

The market for young cattle stalled as more rain fell in parts of NSW and Queensland last week, but supply still improved.

While young cattle supply was a little stronger, this didn’t stop solid rises in some interesting indicators. Young cattle supply in Eastern Young Cattle Indicator saleyards was up 8 per cent in the week to Thursday. This halted the rise in the price, ending at 578¢/kg cwt. EYCI yardings hit their highest level in eight weeks. While the EYCI eased marginally, it remains close to its highest level in 15 weeks.

Queensland’s cattle market index hit 307.6 points. Heavy steers helped the drive, as prices rallied 50¢ in the past two weeks to hit a 19-week high of 531¢/kg cwt. Their 100-day grainfed steer over the hooks indicator ticked 3¢ higher, but is languishing at 507¢/kg cwt.

*Mecardo Ag Concepts

Aa

From the front page

Sponsored by