On-the-Ground Updates

Australian Cattle Market Experiences a Slight Easing in Price and Increase in Slaughter Numbers in W42

Fresh Whole Beef
Frozen Bone-In Beef
Australia
Market & Price Trends
Sean Flanery
Published Oct 24, 2022
The Eastern Young Cattle Indicator saw a slight easing in prices over W42 from 1033.25 c/kg LWT (live weight) on Monday, October 17th, to 1031.25c/kg LWT on Friday, October 21st. With all categories of cattle seeing a slight drop in prices.
Livestock Indicators:
Today Change
EYCI 1031 -3
Feeder Steer 525 -2
Heavy Steer 429 -2
Medium Cow 360 -1

This easing of live cattle prices was mainly due to increased cattle numbers present at the sale yards as a result of predicted wet conditions in the coming weeks and producers looking to move livestock off their properties before the rainy weather potentially prevents any livestock movements.
There was an increase in cattle slaughter numbers for the week to 91,683 heads, an increase of 12,649 heads, but the numbers remain below compared to 2021, when the weekly slaughter numbers stood at 97,493 heads.

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