THE Eastern Young Cattle Indicator reached another important milestone this week, passing above 550c/kg dressed weight equivalent as the dramatic rain-driven turnaround in livestock prices continues.
The EYCI closed yesterday at 562.8c, its highest level since late July when the wheels really started to fall off the cattle market. The indicator has jumped 78c/kg over the past week, and almost 200c/kg over the past month, but still remains 310c/kg behind where it sat this time last year.
As seen on this BOM monthly rainfall map for November, consistent and widespread November rainfall…
