Cattle: East coast yardings remain low


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East coast yarding figures are continuing to track well below the five-year average for this time of year.

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East coast slaughter has moved to the lowest weekly level seen since the start of the season at 106,602 head.

Queensland slaughter levels were up 7.6 per cent from the week prior, to 57,847 head, but softer Victorian numbers of 16,439 and NSW at 22,350 head saw the eastern slaughter levels stagnate.

Yardings were down, with falls in throughput for all states across the nation with the exception of WA.

East coast yarding figures are continuing to track well below the five-year average for this time of year.

The tight supply is impacting upon young cattle prices, with the EYCI up 6¢ on the week to close at 723.25¢/kg cwt. The WYCI managed a higher close too, lifting 56¢ to see a price of 617¢/kg cwt.

The 90CL beef export price continues to languish at lows not seen since March 2016, closing at 544¢/kg CIF.

*Mecardo, Ag Concepts

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