Brought to you by AG Concepts

Wednesday, July 17, 2013

EYCI recovery is far from done, rainfall to drive rebound

By Augusto Semmelroth  |  Source: DAFF, MLA, NLRS, BOM

After bottoming at 278.75¢/kg cwt in mid-May, the Eastern Young Cattle Indicator (EYCI) has posted a sizeable recovery. Quoted at 323¢/kg cwt on 11 July, the indicator is already 16% higher. With seasonal conditions returning to normal, in southern states at least, and firm export demand fundamentals, how much upside should we expect going forward?

...

Sign up for a FREE BASIC SUBSCRIPTION now to read this article.

Mecardo will send you its latest market analysis outlook delivered to your Inbox as it's published.  You will also receive one month Premium access for free.

You tell us what information you want to hear about, so you'll only be alerted to information that is relevant to you.

Learn more about Mecardo Register

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. 

x

Sign up for a FREE BASIC SUBSCRIPTION now to read this article.

Mecardo will send you its latest market analysis outlook delivered to your Inbox as it's published.  You will also receive one month Premium access for free.

You tell us what information you want to hear about, so you'll only be alerted to information that is relevant to you.

Learn more about Mecardo Sign Up Now!