Australia: Calf prices remain high

Close to Christmas, and the wet weather in eastern Australia caused a shortage of beef, which kept Australian calf prices higher this week.

The Australian Meat and Animal Husbandry Association stated that the East Australian calf price index (EYCI) hit a record high of AUD 383.5/kg this past Tuesday and even further increased to 385 AUD/kg on Wednesday. . As of the end of Thursday, the price had risen to A$386.5/kg, which was an increase of A$6/kg from a week ago and an increase of A$108.25/kg from the same period of last year, a year-on-year increase of 39%.

This is the highest price of the Mavericks since the end of October 2005. The price of heifers of medium weight increased by AUD 7/kg last week to AUD 229/kg.

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