THE Eastern Young Cattle Indicator has fallen into the 600s for the first time since early 2020, when the industry was still in the depths of continental-scale drought.
The benchmark indicator reached 699.95c/kg (dressed weight equivalent) on Friday, falling to levels not seen since 23 February 2020.
As Beef Central’s home-page Industry Dashboard indicators show, the EYCI has fallen dramatically since mid-November last year, dropping 64c/kg over the past month, and 415c/kg lower than where it sat this time last year.
Caution should be shown in year-on-year comparisons, however, as the…
