Cattle market rates vary


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The past week was a bit of a mix in cattle markets, with the Eastern Young Cattle Indicator falling a three-week low of 651¢/kg cwt.

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The past week was a bit of a mixed bag in cattle markets, with the Eastern Young Cattle Indicator (EYCI) falling 9.5¢ to a three-week low of 651¢/kg cwt. 

The decline was largely due to restocker and feeder demand waning marginally. Trade steers gained ground in eastern states, particularly in Queensland where prices were up 64¢ to 636¢/kg cwt. 

In NSW, trade steer prices were even higher, at 679¢, while they languished in Victoria at 633¢. Feeder steers were lower, losing ground in Victoria and Queensland, but they were at a solid premium to trade, so perhaps it’s just a correction given finished cattle become hard to find at this time of year.

The Western Young Cattle Indicator has been reported for the first time in a month, and it’s sitting higher than its east coast counterpart at 693¢/kg cwt.

*Mecardo, Ag Concepts

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