'Ridiculous increases': Cattle market kicks in the rain
Cattle prices have surged following beneficial rain in eastern Australia, particularly in New South Wales. The Eastern Young Cattle Indicator has reached its highest level since 2022, with significant price increases reported across various saleyards. While grain prices have fallen due to the rain, the cattle market remains strong, with record numbers of cattle on feed and high demand for beef production.
- ▪Cattle prices jumped significantly this week as rain fell across key production areas.
- ▪The Eastern Young Cattle Indicator has surged to its highest level since 2022.
- ▪Heavy cows fetched more than $4.20/kg at several locations, with a record of $4.42/kg at Dalby.
- ▪The number of cattle on feed has grown to 1.62 million head, reflecting continued confidence in the feedlot sector.
- ▪Grain prices have fallen, with wheat decreasing by $25 a tonne in some areas.
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analysisCattle prices kick as rain tumbles in the eastern statesMBy Matt BrannLandlineTopic:Beef Cattle FarmingSat 30 May 2026 at 12:17pmSat 30 May 2026 at 12:17pmSat 30 May 2026 at 12:17pmCattle prices are rising thanks to some good May rain. (ABC Landline)abc.net.au/news/cattle-prices-rise-as-rain-falls-across-nsw/106738630Link copiedShareShare articleCattle prices jumped significantly this week as rain fell across key production areas, especially in New South Wales.Meat and Livestock Australia's (MLA) benchmark Eastern Young Cattle Indicator (EYCI) has surged to its highest level since 2022, with a number of saleyards reporting strong demand from restockers.At Wagga Wagga on Monday, young cattle prices lifted by up to 100 cents a kilogram, "reflecting determination to secure stock",…
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