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Eastern Young Cattle Indicator hits historic high, putting ‘massive’ pressure on meat processing industry – ABC News

For the first time in history, the national benchmark for young cattle prices has passed the 900 cents a kilogram mark, putting “massive” pressure on producers…

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The Eastern Young Cattle Indicator (EYCI) has passed the 900 cents a kilogram mark for the first time in history.
Key points:

  • The indicator hit 901.75 cents a kilogram on Wednesday afternoon
  • That is almost 200 cents higher than 12 months ago
  • The high prices are meaning processors are losing up to $300 a head

The EYCI closed yesterday at 901.75 cents, almost 200 cents up on the same time last year.
The indicator is used as a general benchmark of young cattle prices nationally and has been on a steady…

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