A POSITIVE lift in the number of quality cattle offered via saleyards has heightened demand and pushed the Eastern Young Cattle Indicator to a new record of 901.75 cents a kilogram (carcase weight) on Wednesday.
Meat and Livestock Australia attribute the whopping price hike to a big offering yesterday, with 15,032 young cattle sold at saleyards.
“That is an increase of 10,000 head week-on-week,” MLA reported.
Improvements in throughput came mostly from south-east Queensland, with Roma and Dalby contributing 3094 and 2250 head, respectively.
The combined totals of these two saleyards accounted for more than 30 per cent of the cattle contributing to the EYCI calculation that day.
In the south, Wagga Wagga and Dubbo…