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Eastern Young Cattle Indicator Levels Have Not Been This Low for Beef Cattle Since August 2020

Sean Flanery
Updated Jan 20, 2023
The Eastern States Young Cattle Indicator in Australia increased by USD 0.06/kg CwT in W2 from USD 5.36/kg CwT to USD 5.42/kg CwT on January 20, 2023. This marks the lowest level since August 2020. It's a clear sign that national cattle rebuilding efforts have reached potential, and restockers are no longer propping up cattle values as we have seen over the last two years.
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