Cattle prices lift again, breaking new record
The Eastern Young Cattle Indicator has lifted overnight, breaking price records set yesterday. Here’s where the indicator is sitting.
RECORD prices for young cattle continue to rise, breaking price records set yesterday.
The Eastern Young Cattle Indicator today reached 778c/kg, a 2c/kg lift on the 776c/kg recorded on Thursday and a 269.25c/kg lift on the 508.75c/kg recorded same time last year.
The EYCI previously broke price records in early June, when the indicator reached 772c/kg.
The EYCI has reached unprecedented highs throughout the course of this year, first surpassing the 760c/kg mark in March.
Prices have remained strong in recent months, despite ongoing coronavirus volatility and recent changes to Victorian meat processing plant workforce capacity.
More to come.
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