Young Cattle Prices Stay Strong
AUSTRALIA - The wet conditions across eastern Australia causing ongoing supply shortages in the run-up to Christmas have assisted young cattle prices to kick higher again this week.
13 December 2010
1 minute read
The Eastern Young Cattle Indicator (EYCI) reached a new high for the year on Tuesday at 383.50¢, only to go even higher to 386¢/kg cwt on Wednesday, according to Meat and Livestock Australia.
After Thursday's markets, the EYCI finished at 386.50¢, 6¢ higher than last week and 108.25¢/kg cwt, or 39% above the same time last year.
This is the highest point since late October 2005. Medium weight vealer heifers to the trade improved 7¢ this week, to average 229¢/kg lwt.
Lightweight yearling steers to restockers remained firm around 223¢ after reaching 269¢, as the heavyweights to feed gained 1¢ to 199¢/kg lwt. Heavyweight yearling heifers to processors averaged 3¢ dearer around 190¢/kg lwt.
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