Subscribe to The Weekly e-newsletter
For in-depth red meat market news, information and analysis.
WYCI outshines EYCI by significant margin
01 April 2021
Key points:
- The Western Young Cattle Indicator (WYCI) has remained above 950c/kg carcase weight (cwt) for three weeks.
- The WYCI currently sits at 967.75c/kg cwt.
- The WYCI is currently commanding a 84.24c, or 9.5%, premium to the ECYI
Recently, the record high Eastern Young Cattle Indicator (EYCI) has received significant attention, although western cattle prices are performing even stronger away from the spotlight.
Cattle prices in Western Australia remain high on the back of tight supply. Since 13 February, the WYCI has continued to trade higher than its eastern states counterpart.
This week, the WYCI was trading at 967.75c/kg, only 1% behind the record of 979c/kg set on 18 March this year, with the WYCI remaining above 950c/kg for the last three weeks, demonstrating continued demand for western cattle after much-needed rain for some key cattle regions.
Feeders continue to dominate buying behaviour at Western Australian saleyards, with restockers continuing to pay similar rates.
© Meat & Livestock Australia Limited, 2021
