CATTLE prices have continued to rally this week, with the benchmark Eastern Young Cattle Indicator picking up 41c in the past seven days to reach 478c/kg carcase weight.
Widespread rain across large parts of Queensland and New South Wales has largely been credited for the increase in prices, with numbers down and a boost of confidence in the restocker market. The indictor has increased 120c in the past month, when it briefly dropped below 350c.
Gunnedah and Roma contributed the highest average prices to the EYCI at 556c and 543c respectively. Numbers were well down at most yards, with…
