THE sharp rally in young cattle prices continues this week, with the Eastern Young Cattle Indicator pushing through the 650c/kg barrier for the first time since the market started to deteriorate due to rapidly drying conditions in May last year.
The indicator (see explanation below) reached 658.3c/kg (dressed weight equivalent) yesterday, lifting another 13c/kg over the past week, and 117c higher than the start of the year (January 8). Refer to Beef Central’s home-page Industry Dashboard to see the indicator’s longer-term trend.
This time last year, the EYCI was still sitting at…
