CATTLE prices across the eastern states have lifted considerably in the past fortnight on the back of moderate, but widespread storm rain.
The benchmark Eastern Young Cattle Indicator has risen above 400c for the first time since September – after months of consistent downturn. It finished today at 408c/kg carcase weight, rising 40c/kg over the past seven days, and 48c higher than where it sat this time a month ago. The indicator slipped below 350c/kg for several days, from 18-20 October.
While encouraging, the recent EYCI rally remains 611c/kg behind where it sat this time last year…
