The Eastern Young Cattle Indicator (EYCI) dipped only slightly on the week, but broader falls were noted for all other categories of cattle along the east coast.
The EYCI closed 1.75¢ lower to 642.75¢/kg cwt. It’s still 7.6 per cent higher than this time last year, reflecting the good season.
Most other classes of eastern states cattle were 5-9¢ softer on the week, with medium steers posting the biggest decline at 8.9¢ to 289.4¢/kg lwt and sits marginally higher than last year.
Trade steers and feeder steers remain reasonably solid, 14.5 per cent and 6.5 per cent higher respectively.
Eastern states heavy steers and cows the only two categories to finish the week slightly lower than in 2015, closing at 293.1¢ and 229.8¢/kg lwt respectively.
Beef export prices retreated slightly on the week.