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SALEYARD prices across the eastern states have been written in red ink this week, with an increase in supply blamed for a significant drop in the market.
The benchmark Eastern Young Cattle Indicator has dropped to 616.76c/kg carcase weight this week, which is down 29.95c on last week and a far cry from this time last year when it was a near-record 1081.98c.
As reported in Beef Central’s Weekly Kill earlier this week, the price of direct consignment slaughter cattle has been on a similar trajectory, dropping 15-20c this week.
The increase in supply has been put down to…
