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12 October, 2020

EYCI record climbs as feeder throughput increases

In the first week of October, restockers were operating at a premium of 101c to processors and 75c to feeder buyers.


October EYCI

THE Eastern Young Cattle Indicator (EYCI) has climbed to a record 794.75c/kg cwt, 310c above year-ago levels.

Restockers continued to support young cattle prices through September, operating at a 94c premium to processors and a 68c premium to feeder buyers, in contrast to September 2019 where feeder buyers were trading at a premium of 53c to restockers and 15c to processors. 

In the first week of October, restockers were operating at a premium of 101c to processors and 75c to feeder buyers.

Key points:

  • Restocker buyers continue to support young cattle prices
  • Feeder buyers overtake restockers to account for largest portion of EYCI cattle
  • NSW recorded highest throughput of young cattle in September

While prices for young cattle have been buoyed by restocker demand, in September, feeder buyers accounted for the largest portion of EYCI eligible cattle at 43 per cent, up from 35 per cent in August. 

Restockers followed closely, accounting for 41 per cent of throughput, back from 47 per cent in August, with processors making up the remaining 16 per cent, steady with the month prior. 

The shift in the buyer breakdown of EYCI eligible cattle through September to favour feeder cattle over restockers illustrates the change in the spec of cattle entering the market. 

While restocker activity has remained robust in recent months, the supply of EYCI eligible cattle suitable for restocking appears to have started declining, with feeder buyers picking up suitable stock.


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