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Thursday, July 27, 2017

Long range EYCI forecast out to 2020

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

A drier than usual Winter has seen young cattle prices stagnate at a time of the season when they normally rise. Indeed, the Eastern Young Cattle Indicator (EYCI) appears to have peaked early this year, hitting 668¢ during April and now appearing unlikely to reach the late Winter/early Spring forecast high of 700¢ as outlined in the Mecardo April 2017 article. This analysis makes some adjustments to the Mecardo EYCI forecast model and refines the long-term forecast ranges, taking into account the higher A$ and the transition to a drier climate to update the anticipated price ranges to the end of the decade.

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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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