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Thursday, November 06, 2014

Young cattle markets pull back in October – EYCI percentiles

By Augusto Semmelroth  |  Source: MLA's NLRS

After peaking in early October the Eastern Young Cattle Indicator (EYCI) has lost considerable ground over the last four weeks, with prices falling 26¢ to 340¢/kg cwt, or its 48th percentile. The ongoing poor seasonal conditions coupled with a recent rise in feed grain prices have dampened restocker and lot feeder demand, while the strong supplies continue to weigh down on the overall young cattle market.

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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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