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The Eastern Young Cattle Indicator rose to 1045.5c/kg, its highest since October 2022, after recent rain recovered earlier losses. Analysts said rainfall across key spring-production regions in Queensland and New South Wales extends the growing season.
Rain-driven pasture improvement lowers restocking pressure and supports young cattle prices, which tends to firm the feeder and trade cattle complex. The move is weather-linked but mostly a regional indicator rally.
farmonline.com.auAndrew NorrisNov 2, 2026After 79 past bullish weather events, Feeder Cattle moved a median +0.1% over 5 sessions (53% higher; middle half -1.4% to +1.7%), and +1.4% over 20.
After 80 past bullish weather events, Live Cattle moved a median +0.1% over 5 sessions (54% higher; middle half -0.8% to +1.3%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
