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Tuesday, May 21, 2013

Market fundamentals remain strong, rainfall to spark EYCI recovery

By Augusto Semmelroth  |  Source: MLA. ABS

The EYCI hit a 5½-year low last week and is now 22% below year ago levels. In the meanwhile, year to date export volumes are tracking 10% higher on 2012, while grassfed fullsets and 90CL prices remain at comfortable levels. This week, we take look at market fundamentals and expected price recovery.

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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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