North Queensland cattle market maintains stability amidst rain and tighter supply; EYCI increases slightly.
The cattle market in North Queensland maintains stability despite widespread rain and tighter supply. The Eastern Young Cattle Indicator (EYCI) shows a slight 12 cents a kilogram carcase weight increase, with most categories in the red week-on-week. Despite potential downward pressure from abundant supply in the north, the Australian cattle market is expected to see higher prices in the medium term due to lower retail prices, strong export demand, peak herd numbers, and forecasts for slight declines in both herd numbers and production.
June 11, 2024
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