The run into Christmas is showing no signs of any easing in young cattle prices as even tighter supply coincides with plentiful feed to put a rocket under demand.
The Eastern Young Cattle Indicator this week jumped a phenomenal 23 cents a kilogram carcase weight to sit today at yet another new record of 1135c.
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It's now 344c above the year-ago level, having risen 74c in the past four weeks as rain fell across much of the country's cattle growing area.
Feedlots are now taking a massive 60 per cent of the EYCI-eligible offering but restockers continue to pay premiums of close to 150c.
Shan Goodwin
Shan Goodwin steers ACM’s national coverage of the beef industry. Shan has worked as a journalist for 30 years, the majority of that with agricultural publications. She spent many years as The Land’s North Coast reporter and has visited beef properties and stations throughout the country and overseas. She treats all breeds equally.
Shan Goodwin steers ACM’s national coverage of the beef industry. Shan has worked as a journalist for 30 years, the majority of that with agricultural publications. She spent many years as The Land’s North Coast reporter and has visited beef properties and stations throughout the country and overseas. She treats all breeds equally.
