The Eastern Young Cattle Indicator fell for the sixth-straight week, taking most other indicators with it.
Prices tanked in the west, but it might be an outlier.
The story remains the same, with dry weather and relatively high prices encouraging offloading of stock.
Even the 90CL frozen cow indicator got in on the falls this week. It plummeted, losing 18¢ – or nearly 3 per cent – to 641¢/kg swt.
On the positive side, increased slaughter here is reportedly starting to impact supply.
While the 90CL was lower, it’s still well above the EYCI.
For the first time in nearly two years, the EYCI seems undervalued.
Most other cattle categories drifted lower this week, to the tune of 10-20¢/kg cwt.
The exceptions were cows, which managed to gain 5-10¢ in Queensland and Victoria.
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