Indicators
The Western Young Cattle Indicator (WYCI) has reached a record high this week at 1,202.34c/kg cwt. This is up 227.56c year-on-year, with the surge being driven by restocker demand in the market. Restockers took out 56.57% of sales followed by 43.28% from feeder buyers.
Over in the east, the Eastern Young Cattle Indicator (EYCI) has softened 8.74c/kg cwt week-on-week at 1,086.81c/kg cwt. The number of head sold to lot feeders has risen by 10% week-on-week, taking out 52.38% of the sales.
Feeder cattle
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