Noosa News
Eastern Young Cattle Indicator hits historic high, putting ‘massive’ pressure on meat processing industry
The Eastern Young Cattle Indicator (EYCI) has passed the 900 cents a kilogram mark for the first time in history.
Key points:
- The indicator hit 901.75 cents a kilogram on Wednesday afternoon
- That is almost 200 cents higher than 12 months ago
- The high prices are meaning processors are losing up to $300 a head
The EYCI closed yesterday at 901.75 cents, almost 200 cents up on the same time last year.
The indicator is used as a general benchmark of young cattle prices nationally and has been on a steady rise since drought-breaking rains in New South Wales and Queensland early last year.
That dramatic change in fortunes for cattle producers has created extraordinary demand and extremely limited supply.
A long time coming
Matt Dalgleish, manager of…
-
General23 hours agoAustralia Kangaroos lose Xavier Coates and Zac Lomax ahead of rugby league Ashes in England
-
General9 hours agoPolice investigating after body found on road in Newborough, Gippsland
-
Noosa News24 hours agoWorker rushed to hospital after becoming trapped in machinery during horror workplace accident in Salisbury
-
General23 hours agoA culture of leniency. Exposing wrongdoing or protecting wrongdoers?