Eastern indicator keeps on dropping


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The EYCI continued its slide, shedding 2.6 per cent on the week to close at 543.5¢/kg cwt

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Rain in the west prompted a 9.2 per cent lift in the Western Young Cattle Indicator. It was a solid recovery, but not as strong as Western Australian cows, with heavy cows up 12.7 per cent to 188¢/kg lwt and pastoral cows up 26 per cent to 110¢/kg lwt.

In contrast, the EYCI continued its slide, shedding 2.6 per cent on the week to close at 543.5¢/kg cwt. The 90CL frozen cow was largely unchanged at 559¢/kg CIF.

National saleyard indicators were all softer with the exception of trade steers, posting a 1.1 per cent gain to 568¢/kg cwt.

The biggest falls were reserved for medium cow and heavy steers, off 5.3 per cent and 4.6 per cent respectively.

A 17 per cent lift in East Coast cattle yardings was recorded, although coming off a fairly low base, with just more than 40,000 head change hands. 

*Mecardo, Ag Concepts

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