The Eastern Young Cattle Indicator finished the week at 1014c/kg today, mounting an eye-catching recovery over the past three weeks from 886c at the end of July.
The indicator (see graph) is now back up again above where it was this time last year.
The most recent three-week, 129c/kg jump (worth about $257 on a typical 350kg steer, at a dressing percentage of 57pc) has now pegged-back almost 60 percent of the even-more-extreme collapse in EYCI value that took place between mid-June and the end of July.
Looking at the EYCI graph published above, it’s evident that the past eight weeks…
