EYCI almost at 12-month low


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The Eastern Young Cattle Indicator has fallen another 10¢ to hit a 12-week low of 610.75¢/kg cwt.

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The Eastern Young Cattle Indicator has fallen another 10¢ to hit a 12-week low of 610.75¢/kg cwt.

This price is not far off a 12-month low, about 7 per cent below the same time last year.

A small rise in yardings was likely responsible for the decline, but there may be waning restocker and feeder demand.

There is still some way to go for heavy steers to reach the “normal” spread to the EYCI for this time of year. NSW heavy steers have rallied from near a 20 per cent discount to the EYCI to 11 per cent. The average for this time of year is 2 per cent.

Over in the west, the slide in the Western Young Cattle Indicator has halted, finishing at 627¢/kg cwt. The 90CL frozen cow Indicator was up 10¢ in a short week in the US to 656¢/kg swt, a 20-month high.

*Mecardo, Ag Concepts

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