YOUNG cattle prices leapt yet again this week, as feeder buyers and restockers, spurred on by rain, continue to go head-to-head for the limited numbers on offer.
The Eastern Young Cattle Indicator hit a new record high on Thursday in both nominal and inflation-adjusted terms, sitting today at 941.5 cents a kilogram carcase weight.
As analyst Matt Dalgleish explained earlier this week, the last time prices were at this level was in 1965, when they reached 936c in 2021 dollar value.
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