Eastern indicator falls below 700¢


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The Eastern Young Cattle Indicator slipped 3.7 per cent on the week to 679.75¢/kg cwt.

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East coast slaughter figures lifted 17.9 per cent and the Eastern Young Cattle Indicator (EYCI) responded by slipping to close at 679.75¢/kg cwt, a decline of 3.7 per cent for the week.

But despite the increase in slaughter, with 119,549 head recorded, it is still trending well below the pattern set by the five-year average for this time of year.

Weekly throughput along the east coast has held onto the gains recorded last week, with daily yardings above 20,000 head recorded six days in a row. 

The higher supply along the east coast weighed on the EYCI, but the same could not be said for the WYCI.

It gained 2.3 per cent to close at 651¢.

Beef export prices trended sideways, with a small lift in price of 5.2¢ for the 90 CL frozen cow indicator to close at 542.7¢/kg CIF.

*Mecardo, Ag Concepts

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