The recent rain provided a lift to cattle prices last week across the east coast and producers responded with increased offering at the saleyard.
The Eastern Young Cattle Indicator (EYCI) eased 1 per cent this week to close at 535.25c/kg cwt. Given that yarding of EYCI eligible cattle was up 40pc on last week’s figures the reduction in price isn’t too bad. EYCI eligible cattle averaged 18,636 head per day last week, compared to the 13,303 the week before, and the first yarding of more than 20,000 head since July was recorded.
Across the eastern seaboard cattle prices eased from 1-9pc for most reported categories with heavy steers the only group to manage a slim price gain of 0.8pc to creep back above 300c/kg lwt
Improved demand for grinding beef from US buyers has seen the 90CL gain 1.3pc to close at 555.4c/kg CIF.
