Eastern indicator ends its poor run


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The Eastern Young Cattle Indicator has finally bounced back after 12 weeks of falls.

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The Eastern Young Cattle Indicator has finally bounced back after 12 weeks of falls, returning to levels of three weeks ago.  

EYCI yardings have also been low for a couple of weeks in a row, enough to have buyers competing harder and pushing prices.

Young cattle weren’t the only category to gain ground. 

Heavy steers in Queensland and NSW rallied to 480 and 514¢/kg cwt. While heavy steer prices in Victoria didn’t rise, falling 17¢, they remain at a premium at 522¢/kg cwt. The 90CL frozen cow price has tracked sideways for the fourth week in a row and both the EYCI and Western Young Cattle Indicator (WYCI) have met it at about 555¢.  This suggests falling beef export prices are driving the cattle price. 

This time last year, the 90CL was about 570¢, while the EYCI was at 707¢/kg cwt.

*Mecardo, Ag Concepts

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