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Tuesday, January 22, 2019

Goldilocks zone for the EYCI

By Matt Dalgleish  |  Source: MLA, NLRS, Steiner, USDA, Mecardo

In the Friday cattle market comment from last week we mentioned that the Eastern Young Cattle Indicator (EYCI) was likely to find some support in the coming weeks from a firmer 90CL price. In this analysis we take a deeper look at the historic relationship between the EYCI and the imported 90CL into the USA, and what this may mean for the EYCI in the short term.

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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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