The Eastern Young Cattle Indicator (EYCI) has reached parity with the 90CL imported beef price for the first time in over three years, as Australian cattle prices rose on renewed retention and restocker confidence. Export beef prices have softened in Australian dollar terms since July, while Brazil is not filling US demand.
Higher Australian cattle prices and tight US beef supply support live cattle and beef values, while the parity between domestic and export prices shifts the export economics for Australian processors.
Not enough comparable past events yet for a historical read.
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.