Australian Cattle Market Prices Begin to Ease in W46
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Market & Price Trends
Sean Flanery
게시됨 2022년 11월 21일
The Australian Eastern Young Cattle Indicator (EYCI) saw a decline in market prices across all categories of cattle in W46, reaching its lowest price since mid-August 2022 of USD 0.66/kg (AUD 0.988/kg) carcass weight (including restockers, feeders, and processor). The Eastern Young Cattle Indicator (EYCI) dropped USD 0.24/kg (AUD 0.36/kg) for CWT (carcase weight) over October 2022, and National Feeder Steer prices dropped USD 0.25 (AUD 0.38) in October 2022 to USD 0.33 (AUD 0.497/kg) live weight. This price reduction is primarily the result of both buyer confidence that a sufficient supply of cattle will be available in the coming weeks and weaker demand from buyers as a cause of difficulties securing local livestock carriers and transporting cattle to the abattoirs as a result of the widespread flooding.