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Monday, July 04, 2016

Still room for a higher EYCI? Computer says no!

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

Analysis released last week indicated that the subdued US Live Cattle futures will act as a drag on local heavy cattle prices. Similarly, modelling on the Eastern Young Cattle Indicator (EYCI) shows that a reasonably resilient A$ (currently trading at 74.8US¢) and the 90CL beef export price struggling to make gains could pose a problem for the EYCI into the coming month.

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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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