Cattle prices surge past 1,000 cents a kilo as heavy rain falls
Heavy rain across Queensland and northern New South Wales sparked a cattle price surge beyond 1,000 cents per kilogram.
Heavy rain across Queensland and northern New South Wales sparked a surge in cattle prices. The Eastern Young Cattle Indicator jumped beyond 1,000 cents per kilogram as restockers and backgrounders competed for stock.
At Roma on Tuesday, some weaner steers from Winton sold for about $7 per kilogram, or more than $1,900 a head. At Dubbo, strong demand drove prices up 80 cents per kilogram higher than the week before, with young steers hitting $7.40 per kilogram.
The national processor cow indicator reached $4 per kilogram for the first time on record.
- Beyond 1,000 cents per kilogram
- EYCI peak
- $7 per kilogram or $1,900 per head
- Roma weaner steer price
- 80 cents per kilogram above prior week
- Dubbo price jump
- $4 per kilogram
- Record processor cow indicator
Why it mattersRising cattle prices boost livestock farmers' income and show growing confidence in herd rebuilding.
AustraliaAustralian beef and livestock farmers benefit from stronger prices following the rain, which also helps replenish pastures after drought conditions.
✓ Claims checked against the source and corrected before publish. checked 2 h ago
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