There was increased throughput across the eastern states last week, though the rise in Queensland’s yarding numbers was not as strong as in southern states.
East coast yardings were up 17.5 per cent on the week to just shy of 45,000. NSW yardings recorded a 28 per cent lift.
The national cattle indicators were mostly higher, with 2-4 per cent gains recorded for all categories except heavy steers.
The national heavy steer indicator dropped 3.4 per cent on the week to close at 294¢/kg lwt.
The EYCI mirrored the broader market, up 4.4 per cent on the week to close at 649.75¢/kg cwt.
Young cattle prices continue to find support from restocker buying and the added benefit of higher beef export prices, with the 90CL frozen cow up slightly.
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