AFTER spending the past nine months in four digits, the beef industry’s primary price indicator for state of heath, the Eastern Young Cattle Indicator, crashed below 1000c/kg (dressed weight equivalent) yesterday, before sneaking back over the bar again this afternoon.
After yesterday’s sales, the EYCI hit 999.09c/kg, continuing a spectacular, near vertical collapse in price seen since the middle of June (see graph).
Yesterday’s price was down almost 10c/kg since Monday; more than 29c/kg on Tuesday last week, and almost 120c/kg lower than this time last month. Yesterday was the…
