Big drops seen in young cattle values on AuctionsPlus

Numbers reduced by 39pc and buyer attendance was generally good and most were operating in a cheaper market.

The Eastern Young Cattle Indicator has fallen through the 500c/kg barrier for the first time since 2015. Under pressure from very dry conditions across large parts of southern Australia, a lack of follow-up rain in QLD, and mounting competitive pressure in export meat markets, the EYCI has slipped badly in the past few weeks.