Cattle
The Eastern Young Cattle Indicator (EYCI) had a relatively stable week after significant softening from pre-Christmas prices to 781.39¢/kg carcase weight (cwt). The Western Young Cattle Indicator (WYCI) currently sits at a premium in comparison to the EYCI at 857.25¢/kg cwt.
Cattle yardings had reduced numbers this week with 22,700 head reaching the saleyards. Roma yardings have softened 500 head week-on-week to 3,300. However, demand and prices for heavier steers and heifers remains strong at the saleyard. Heavy grown steer and bullock prices held firm at the Dalby saleyards with an increase of its yardings by 915 head with buyers willing to pay premiums for better quality stock.
Dubbo saleyards held 36% of all sales and were the largest contributor to the Heavy Steer Indicator. However, prices at the saleyard have softened, placing pricing pressure on the indicator.
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