Markets

Join our reader competition predicting the EYCI at year’s end

Beef Central, 02/02/2024

YOUNG cattle prices have shown remarkable volatility over the past two years, and 2024 is shaping up to be no different.

There are plenty of influences in play again this year that could impact young cattle values.

For those in the ‘glass half full’ camp, there’s the impact of better than expected seasonal conditions heading into autumn, and the potential void left in export markets as US beef production starts to slow. For those ‘glass half empty’ thinkers, there’s the impacts like slower global beef demand as consumers face cost of living headwinds, a greatly expanded national cattle herd and growing export competition out of Brazil.

Beef Central is offering readers the chance to get on board and have a stab at predicting where the Eastern Young Cattle Indicator will sit, by the end of 2024.

There’s some great prizes for the winners, including:

  • An oilskin riding coat (full length or three-quarter, winner’s choice) from high quality Australian apparel manufacturer Claybourn, western outfitters since 1910 (retail value $659). Claybourn produces a wide range of country style jackets, vests, coats, shirts, chinos and pants, caps, accessories and other gear.
  • a bottle of Penfolds 389 Shiraz (the poor man’s Grange) for the runner-up.

Claybourn logoTo join the competition, simply register your prediction using the reader comment facility at the base of this page. We ask that entries include a number with at least one decimal point, to help separate similar entries (NLRS reports the EYCI indicator to two decimal places – ie yesterday’s closing figure was 667.41). Full names required for entries, please.

We’re asking for your prediction of EYCI’s value at the close of business on Monday, 2 December, 2024. Feel free to add a sentence or two if you want, giving your reasoning.

Entries will remain open until close of business on 4 March. We will remind readers shortly before entries close, and advise of the winners on Tuesday 3 December.

To kick things off, we’ve asked a few industry identities to have a stab at where they think the EYCI will end the year:

  • Beef Central’s Weekly Grill podcast host, Kerry Lonergan: 921.5c/kg
  • Simon Stahl, NCMC Casino: 401.1c/kg
  • Ep3 analyst Matt Dalgleish: 705.1c/kg

 

 

 

 

HAVE YOUR SAY

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Comments

  1. Howard Gardner, 15/02/2024

    My guess for the EYCI 02/12 is 930.25 c.

    I am an optimist and expect beef cattle markets will see an appreciable rise late in the year due to a reduction in U.S. supply, together with Australian producers limiting supply.

  2. Darren Olive, 14/02/2024

    781

  3. Justin Conlan, 13/02/2024

    742

  4. Tim Lane, 11/02/2024

    806.7 EYCI 2/12/24

  5. David Palmer, 11/02/2024

    823.45

  6. Adrian Gallagher, 11/02/2024

    EYCI PREDICTION
    556.25c/kg

  7. Tony Selby, 10/02/2024

    I think the eyci will be 754.38 due to shortages of beef in USA

  8. Peter Adams, 09/02/2024

    842.38

  9. Peter Miller, 09/02/2024

    848.5c/kg

  10. Richard Wilton, 09/02/2024

    801.15 c/kg

  11. Pip Gilmour, 09/02/2024

    400c

  12. William Wilson, 09/02/2024

    657.1

  13. Anthony S White, 09/02/2024

    I think we will close the year out at EYCI $7.84.
    Thanks
    Tony White
    Gateway livestock and Mirambee feedlot Dubbo

  14. Cam Anderson, 09/02/2024

    EYCI prediction 712.5c/kg

  15. Jake Phillips, 09/02/2024

    880.9

  16. Patrick Coole, 08/02/2024

    600c

  17. James Laurie, 08/02/2024

    EYCI 722.1

  18. Cameron Morse, 08/02/2024

    727.27c/kg

  19. Peter Gilmour, 08/02/2024

    930c/kg
    A touch above Kerry L just in case we see a blow out!

  20. John Russell, 08/02/2024

    EYCI for this time next year – 787 c/kg

  21. Tom Rookyard, 08/02/2024

    716.21

  22. Elise Mizzi, 08/02/2024

    654.83

  23. hamish shannon, 08/02/2024

    805c/kg

  24. Prue Lee, 08/02/2024

    705.20

  25. Bede McAlpin, 08/02/2024

    585.67

  26. Chris R, 08/02/2024

    EYCI –672.11

  27. Terence Argent, 08/02/2024

    EYCI Prediction 787.3 c/kg

  28. Kerry Glasser, 07/02/2024

    721 c/kg

  29. Tony Duncan, 07/02/2024

    I’m predicting at years end the eyci will be 745.00
    Cheers

  30. Derek Manson, 07/02/2024

    787.5

  31. Louis le Roux, 07/02/2024

    695.2 c/kg

  32. Tom skipper, 07/02/2024

    867.3c/kg

  33. Nick Wolf, 07/02/2024

    Good idea.

    550.50

  34. Robert Constable, 07/02/2024

    589.6

  35. Matt Reed, 07/02/2024

    675.9c/kg

  36. Stephen Cameron Crisp, 07/02/2024

    805.3 – will donate prize to RFDS in very unlikely event that I win. Going a bit higher due to US Cattle herd.

    Nice solution here for those working for industry organisations, who want to participate without risking conflict of interest – Stephen works with AusMeat. Editor

  37. Amanda Thomas, 07/02/2024

    731.6

  38. John McLaughlin, 07/02/2024

    799.51c/kg

  39. Andrew Street, 07/02/2024

    EYCI 681c/kg

  40. Mike Gregory, 07/02/2024

    783.2

  41. John Fish, 07/02/2024

    705.21 c/kg

  42. Kenrick denton, 07/02/2024

    EYCI 684.3

  43. Trevor Welsh, 07/02/2024

    562.44

  44. Daniel Walsh, 06/02/2024

    863.55c/kg

  45. Wilkinson Peter, 06/02/2024

    7.23

  46. David Dahl, 06/02/2024

    EYCI 783.14

  47. Samantha Lamond, 06/02/2024

    My prediction is 713.1c/kg

  48. Kate Rogers, 06/02/2024

    EYCI 724.31

  49. Anthony Weise, 06/02/2024

    EYCI 801.89c/kg dependent on Spring rain, weather hype and processor manipulation

  50. Regan Nguon, 06/02/2024

    579.5c/kg

  51. Maureen Fish, 06/02/2024

    EYCI 700.78 c per kg
    5% increase has a nice feel to it

  52. David Alker, 06/02/2024

    685.50

  53. Liam Mowbray, 06/02/2024

    790.01

  54. David Alker, 06/02/2024

    My guess is the EYCI @December 2nd 2024 will be 685.50

  55. Sandy Maconochie, 06/02/2024

    688.51

  56. Lincoln and Lisa Job, 06/02/2024

    888.88c/kg – But I hope I’m way under

  57. Logan Manwaring, 06/02/2024

    EYCI 684.31 c/kg

  58. James Roberts-Thomson, 06/02/2024

    EYCI 950.1 c/kg

  59. Lachie Knox, 06/02/2024

    885.26c/kg, many positive indicators as we progress into 2024,feed ,trade, only question is Aust herd size??re supply

  60. Tim O'Donnell, 06/02/2024

    ECYI 616.13 c/kg

  61. Mark Stevenson, 06/02/2024

    731.8

  62. Roger Desailly, 05/02/2024

    802.45 c/kg

  63. Rob Moore, 05/02/2024

    911.24 I think processing/ trade numbers will be down.

  64. Matt McAninly, 05/02/2024

    737.1c

  65. Sarah Cameron, 05/02/2024

    615.2

  66. Harry Thompson, 05/02/2024

    690.6

  67. Farmer Daz, 04/02/2024

    913.87 – go you good thing!!!

  68. Lyal berry, 04/02/2024

    525.5

  69. Stuart Austin, 04/02/2024

    EYCI 787.6c

  70. Damien Thomson, 03/02/2024

    825.7c/kg cwt

  71. Fiona Hordern, 03/02/2024

    EYCI Price @ 2 Dec 2024 – 731.2
    Prices always seem to dip a bit going into the Christmas break…

  72. jake howman, 03/02/2024

    797.41

  73. Mac Alison, 03/02/2024

    780.0 – Fundamentals look good for a confident year ahead

  74. Charlie Mifsud, 03/02/2024

    EYCI 781.41

  75. Bruce Lack, 03/02/2024

    747.87

  76. Rob Page - Heifer Station, 03/02/2024

    675.3
    Factors include -ample supply of young cattle this year, beginning of US supply decline (later in year) and assuming average to slightly above average season.

  77. Stewart Hanna, 02/02/2024

    625.5
    Somewhere between the BOM getting it wrong again with a dry end of the year, and USA having no cattle to process

  78. Chris Gunther, 02/02/2024

    Eyci 2/12/24 1000.1.
    if it rains in central Queensland the cattle market goes crazy. Welcome to crazy!

  79. Mark Anderson, 02/02/2024

    EYCI 735.63

  80. Prue Lonergan, 02/02/2024

    EYCI 680.71

  81. Andrew Nichols, 02/02/2024

    811.4

  82. tracey walker, 02/02/2024

    723.6/ckg

  83. David Connellan, 02/02/2024

    631.4c
    There will be a lot more young cattle around by the end of the year than what people think – fourth good year in a row

  84. Andrew Hosken, 02/02/2024

    EYCI 767.52

  85. B Martin, 02/02/2024

    756.38 – Producers are feeling confident in the market and the season, and are likely to take the next prediction of a dry spell with a grain of salt.

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