The Eastern Young Cattle Indicator (EYCI) has softened 14¢ week-on-week to 1,072.49¢/kg cwt. This is after a 61% reduction from last week in the number of head reporting due to Good Friday and Easter Monday, which limited saleyard throughput.

The Western Young Cattle Indicator (WYCI) reached a record high of 1,102.34c/kg cwt this week

The Eastern Young Cattle Indicator (EYCI) softened by 8c at the end of last week, falling to 1,082.37c/kg cwt to reach its lowest level since mid-November last year. This drop in the indicator is due to reduced restocker demand and an increase in feeder buyer activity.

Smaller national yardings and reduced processing capacity can be expected this month due to a number of public holidays, with slaughter volumes set to drop to rates typical of the April period

The Eastern Young Cattle Indicator (EYCI) has softened 18.34c from Friday last week, with nearly 7,000 less head reporting to 1,090c/kg – down 8% since the highs of early January. This could be an indication of easing restocker demand and is the lowest the EYCI has been since November last year, when it was operating at 1,099.9c/kg cwt. Feeders now make up 60% of buyers for EYCI-eligible cattle.

The Eastern Young Cattle Indicator (EYCI) fell to start the week due to softer yardings driven by widespread rainfall and flooding in NSW and Queensland. The indicator then recovered 8c on Wednesday by a return to traditional seasonal yardings for Dalby in Queensland. Less affected areas also have reduced yardings as they maintain restocker intentions off the back of favourable rain events over the past week.

The Eastern Young Cattle Indicator (EYCI) fell to start the week due to softer yardings driven by widespread rainfall and flooding in NSW and Queensland. The indicator then recovered 8c on Wednesday by a return to traditional seasonal yardings for Dalby in Queensland. Less affected areas also have reduced yardings as they maintain restocker intentions off the back of favourable rain events over the past week.

The Eastern Young Cattle Indicator (EYCI) fell to start the week due to softer yardings driven by widespread rainfall and flooding in NSW and Queensland. The indicator then recovered 8c on Wednesday by a return to traditional seasonal yardings for Dalby in Queensland. Less affected areas also have reduced yardings as they maintain restocker intentions off the back of favourable rain events over the past week.

Significant flooding across the east coast this week has impacted some producers’ ability to send livestock to saleyards or processors. However, restocker demand in central and western Queensland remains buoyant.

Weekly cattle and sheep market wrap