Cattle prices softened across the board last week, and all major NLRS reported categories of cattle across the east coast are below levels recorded this time last season, including heavy steers.
Feeder steers posted the largest fall, with an 8.7 per cent decline to close at 250c/kg live weight.
The Eastern Young Cattle Indicator (EYCI) registered declines, peeling off 3.3pc on the week to finish a whisker under 460c/kg cwt.
Remaining steer categories eased between 4-6.5pc, while medium cows had the slightest of declines to close the week at 191c/kg lwt.
Young cattle in WA markets trekked sideways to see the WYCI finish a few cents under 500c/kg cwt.
Cattle slaughter levels since the start of 2019 have been following the five-year average seasonal pattern, but have been running 8.6pc above last season’s levels.
