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Wednesday, June 22, 2016

EYCI rally can continue with restockers at the reigns

By Angus Brown  |  Source: MLA

To say it’s been wet is a bit of an understatement. We have not seen widespread June rainfall like this in 12 years. Prices have this week responded further, with the Eastern Young Cattle Indicator (EYCI) setting daily records and some extraordinary prices being received in some saleyards. Today we look at price trends from last time we saw rain like this, and whether any possible margin has been wiped off trading opportunities.

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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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