Cattle prices are expected to fall marginally in 2020–21 to average 513 cents per kilogram. This reflects higher global beef supply and a weaker demand outlook as a result of the COVID-19 pandemic.
The Eastern Young Cattle Indicator (EYCI) reached a record high of 767 cents per kilogram in March, and broke the record again in June when it reached 772 cents per kilogram. In the 5 years to 2019, the average was 549 cents per kilogram.