Page 8 - Beef-Week-2022

Stock Journal Beef Week | 2022
Record-breaking year for beef industry

HE beef industry has
enjoyed its strongest
Tperiod on record
over the past year, with
record-breaking cattle
sales across the country,
and exceptional results
for stud and commercial
breeders.
The Eastern Young
Cattle Indicator (EYCI)
spent 2021 on a steady
rise, making it dif cult for

restockers to get into the
market while rewarding
breeders, with strong EXCEPTIONAL MARKET: Paul Bryson, Keppoch, with a pen of his 323kg Stoney Point and Bull Oak
results at many saleyards Well-blood EU-eligible Angus steers which were knocked down for $2320 or $7.18/kg. The Brysons
in South Australia. sold 310 steers in the PPHS Weaner and Feeder Sale on December 9.
Low supply helped
fuel the strong prices, record of 830.75 cents per By the end of June the to 1111.53c/kg by the start
along with widespread kilogram carcase weight, EYCI had reached 932c/ of December.
rain towards the end of up from 829c/kg the kg, and it broke through Market analysts
the year, giving breeders previous November, with the $10 a kilogram mark in expected the strong
and restockers more good seasonal conditions July, and setting three new market to continue in
con dence and prompting playing a big role. records in one week to a early 2022 sales, with

them to pay premium Smaller yardings across reach a high of 1027c/kg by widespread rain leading
prices above what feedlots the country helped the the end of August. to good demand from
offered. EYCI reach 888c/kg in early The next big milestone, restockers, who were
Markets have remained February, before another the $11/kg mark, was prepared to pay high
strong since weaner sales big increase at the end of toppled in mid November, prices to secure breeding
in January, when the March, to a new record of when the EYCI reached cattle, particularly leading
EYCI opened at a then 896.50c/kg. 1102c/kg, before increasing into the bull selling season.

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