Meat & Livestock Australia (MLA) have begun reporting daily price information on online young cattle sales with reference to their Online Young Cattle Indicator, or OYCI. Effectively it is an online version of their saleyard Eastern Young Cattle Indicator also known as the EYCI.

ADVERTISEMENTS
Animal protein production growth will slow as margins remain tight in 2024, with producers and processors needing to adapt to sust...
As 2023 draws to a close, the cattle market looks to be adding a final twist to one of the more interesting years on record.
AuctionsPlus recently joined 250 passionate delegates from across the beef supply chain at the Young Beef Producers Forum.
Animal protein production growth will slow as margins remain tight in 2024. Producers and processors will need to adapt, according to Rabobank’s Global Animal Protein Outlook.
Feeder steers showed a slight premium in the months of August, September and October before reversing in November. The premium was last seen in 2019.
At the Young Beef Producers Forum, the next generation of farmers showed how keen they were to embrace new tools and ‘take the reins’ of the industry.
Rabobank believes cattle prices have now found a floor and levelled out, and expect slaughter numbers to increase in the first quarter of 2024. 
Following the most recent quarterly measure, the market is just 0.3% away from signalling a herd liquidation phase has begun.
Before you make any big decisions, take a look at your Key Performance Indicators (KPIs) to see how they can help your business make informed decisions.
Compared to the five-year average levels for the September quarter the current cattle on feed numbers are running nearly 16% above the September average
Analysis of the AuctionsPlus sales data shows which breeds have fallen the most and the least.
Back in August 2023, the US wrestled top spot from Japan and now in October, China has pushed them further down the pecking order.

Sign up to our weekly news updates

Connecting with communities across regional and rural Australia.