Above-average prices in the east

Restockers paying above-average prices


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The EYCI finished the week up 2.5¢ to 579.75¢.

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While the weekend’s massive rain event wasn’t great for those trying to complete this season’s harvest it was a boost to backgrounders, with the high moisture and warm weather to give a lift to pasture growth in the coming weeks.

Indeed, spirits of restockers across the east coast have been encouraged, and they continue to pay above-average premiums at the saleyard for young cattle.

The east coast restocker spread pattern shows they are happy to pay upwards of 6 per cent more than the headline Eastern Young Cattle Indicator to secure stock.

The EYCI finished the week up 2.5¢ to 579.75¢.

The Western Young Cattle Indicator was also higher, lifting 13¢ to 585¢.

This was despite the 90CL frozen cow index easing slightly to close at 609¢/kg cost-insurance-freight. 

*Mecardo Ag Concepts

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