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Thursday, December 04, 2014

Young cattle markets find bottom in November – EYCI percentiles

By Augusto Semmelroth  |  Source: MLA's NLRS

Young cattle markets continued to trend lower through most of November to see prices bottoming on 21 November on the back of the ongoing dryness. This scenario reverted last week as a result of the first wet season rains in the north and a very positive rainfall outlook ahead. In just last week, most young cattle types had already recovered the losses seen over the first three weeks of November.

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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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