By Simon McKittrick
Prices have lifted across most categories of cattle as we move deeper into winter, with confidence rising on the back of widespread rainfall and reduced yardings.
The Eastern Young Cattle Indicator (EYCI) has surged to its highest level in 2025, now at 748c/kg, driven by strong restocker demand and limited supply.
Nice to see South Australia has finally received some decent rain, which we hope signals a shift back to more normal seasonal conditions heading into spring.
- EYCI: 748c/kg – Restocker demand remains very solid & climbing steadily.
- Aussie Dollar: Holding steady just under US 65c.
Indicative Prices
- Domestic Feeder Steer: $4.20/4.80+/kg
- Domestic Feeder Heifer: $3.70/4.60kg
- Flatback Heavy Feeder Steer: $3.65–3.85/kg
- Angus Heavy Feeder Steer: $4.80–5.00/kg
- Slaughter Cow: $3.00–3.60/kg lwt
- MSA Steers/Heifers: $6.60–7.30/kg hscw
Store Market Update
Recent rainfall, especially in northern and central areas, has reignited demand in store markets. Graziers are holding back on turnoff, which has tightened supply and driven prices up. Lighter weaner steers PTIC heifers and cows are also gaining strong interest as buyers look to secure future breeding and backgrounding stock.
Feedlot Market Update
Feedlots remain active, with flatback feeders around $3.75–$3.85/kg and Angus types making $4.80–$5.00kg. Tight numbers and paddock feed availability are driving buyer competition.
Slaughter Market Update
Slaughter activity is at its highest since 2019, with strong processor demand continuing for both cows and finished cattle. Southern processors are now sourcing further north to fill tight kill schedules, which is helping support cow prices in QLD and northern NSW.
Looking Ahead
The short-term outlook remains firm to positive. Tight supply, robust export demand and improving seasonal conditions in some regions are likely to support prices through late winter.
Key factors to watch:
- Spring rain in southern regions: If it arrives, we could see a new wave of confidence and continued restocker activity.
- Export markets: Strong demand from the US and growing volumes to China and Japan remain crucial.
- Weather & feed: Conditions in the south remain variable. Prolonged dry spells could trigger more early turnoff or destocking, particularly in SA and Victoria.
Overall, market sentiment remains positive as supply stays relatively tight and export demand holds firm.