THE Eastern Young Cattle Indicator has pushed below 500c/kg, carcase weight equivalent, for the first time since the tail-end of the drought in January, 2020.
Heavy turnoff of all cattle – young stock included – due to seasonal pressure across eastern Australia, and the prospect of more dry times ahead, has forced a sustained decline in young cattle prices through 2023.
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The EYCI (calculated as a seven-day rolling average of yearling and vealer steers and heifers sold through saleyards, see full explanation below) opened this morning at 497c/kg, but…
