WYCI, EYCI level at close


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The extreme drop in the Western Young Cattle Indicator righted itself this week, staging an 11 per cent recovery to close at 595¢/kg cwt.

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The extreme drop in the Western Young Cattle Indicator righted itself last week, with the WYCI staging an 11 per cent recovery to close at 595¢/kg cwt.

The Eastern Young Cattle Indicator trekked sideways with a slightly softer bias, down 0.5 per cent to also close at 595¢/kg cwt.

The 90CL frozen cow beef export indicator continued to slide, dragged down by a reduction in boxed beef forward sales in the US the past few weeks.

National cattle indicators were largely supported by gains in Queensland, with most categories broadly unchanged last week. 

East coast producers responded to the recent price declines with a further pullback in yardings.

Weekly throughput is now sitting 10.9 per cent below the five-year average for this time of the season. 

*Mecardo, Ag Concepts

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