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Monday, August 22, 2016

Disparity between 90CL and EYCI at record levels

By Matt Dalgleish  |  Source: MLA, USDA, Steiner, ACA

In late June Mecardo published a piece on the long term correlation between local heavy steer prices and US live cattle futures showing that yearly average prices, expressed in US$/kg cwt terms, for both prices series show a remarkably close relationship. The Eastern Young Cattle Indicator (EYCI) and the 90CL frozen cow price share a similar price relationship and this article focuses on the current price disparity between the two and what it suggests for future price movements.

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Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report. 

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