DIMINISHING cattle supply continues to push the young cattle market into never-before-seen territory, with females again leading the way.
Agents have faith the big money being paid for future breeders will continue, saying it is now being driven by those whose pockets have been refilled via very successful weaner selling and those who refuse to leave flush paddocks empty.
The Eastern Young Cattle Indicator persisted with its advance, this week to the tune of a jump of 29 cents a kilogram carcase weight, to currently sit at 873.75c.
Mecardo analyst Robert Herrman said it was now travelling at a level 59c above where it was a year ago.
“We always knew it would rally after the drought but to see it come up this much is probably more than what…