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

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.