By Matt Dalgleish | Source: MLA, NLRS, Steiner, ACA
Analysis released last week indicated that the subdued US Live Cattle futures will act as a drag on local heavy cattle prices. Similarly, modelling on the Eastern Young Cattle Indicator (EYCI) shows that a reasonably resilient A$ (currently trading at 74.8US¢) and the 90CL beef export price struggling to make gains could pose a problem for the EYCI into the coming month.
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