Eastern indicator keeps on sliding


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Markets remain very mixed, with the EYCI continuing its fall, losing 7¢ to hit an eight-month low of 613.75¢/kg cwt.

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Markets remain very mixed, with the EYCI continuing its fall, losing 7¢ to hit an eight-month low of 613.75¢/kg cwt.

Similarly, east coast heavy steer and eastern cow prices also hit eight-month lows.

Prices were mixed, with most of the declines in Queensland, while Victorian prices were steady or slightly higher. Queensland trade steer fell to 308¢/kg lwt this week. In Victoria, trade steers made 348¢, while in NSW it was 331¢.

This suggests young cattle supply is starting to move in Queensland, whereas it is normally still tight in southern states at this time of year. Young cattle still have 50¢ or so to fall before they are back in line with “normal” discounts to the EYCI.

Heavy steers remain at a 15 per cent discount to the EYCI, while cows are at a 25 per cent discount. 

*Mecardo, Ag Concepts

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