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Thursday, October 09, 2014

Lotfeeders raise the stakes in price percentiles for young cattle

By Jenianne Hall  |  Source: MLA's NLRS

The Eastern Young Cattle Indicator (EYCI) moved 9¢ higher month-on-month to reach 366.25¢g cwt on 3 October, a two-year high. However, it continues to be outstripped, in percentile terms, by finished cattle prices across the east coast, as below average seasonal conditions in VIC and NSW since August put the pressure on store cattle in southern markets. This article looks at how individual markets and buyer types contributing to the EYCI performed during September.

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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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