The EYCI gained another 18.25¢ this week to hit yet another record high of 659.25¢/kg cwt.

Stock and Land Beef
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The EYCI gained another 18.25¢ this week to hit yet another record high of 659.25¢/kg cwt.

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The EYCI gained another 18.25¢ this week to hit yet another record high of 659.25¢/kg cwt. 

Finished cattle prices, especially the National Trade Steer, continued to help push the EYCI higher. 

Feeder cattle also rallied, with the national indicator gaining 9¢, to hit 359¢/kg lwt, and it remains 3¢/kg lwt premium to the EYCI when converted at 54 per cent.

One sector of the market did take a pause, with cow prices finding some resistance and remaining steady.

For the first time since March, the Western Young Cattle Indicator (WYCI) has fallen below the EYCI, as it dropped 38¢ to a two-month low of 625¢/kg cwt. While June has been wet on the east coast, in the south west of WA they are running at a 10-50mm deficit, which may have given demand for young cattle a hit.

Mecardo – Ag Concepts

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