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The Eastern States Young Cattle Indicator rose 6.16c to 1,049.93c/kg cwt by Friday morning, up 151.30c year on year. The National Young Cattle Indicator gained 15.04c to 564.66c/kg, and the Light Lamb Indicator rose 52.77c for the week.
Rising Australian cattle and lamb prices signal tighter livestock supplies and firmer red meat values. This mainly affects beef and lamb markets rather than feed grain demand.
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.