CATTLE prices have registered a cheaper trend during the first few weeks of 2012, with all major indicators back from the 2011 close.
A combination of increasing supplies and reduced buyer activity has been attributed as the main driver behind the lower prices.
The EYCI commenced the year at 419.25c before gradually declining 4 percent to settle on 404.5c/kg cwt after Thursday's markets.
Young cattle consignments have expanded now that summer grazing conditions have set in.
Additionally, restocker and feeder demand at prime markets has eased instead looking to the annual weaner sales to source replacement cattle.
Prices for export categories have also come back, as processor demand gradually resumes.
A number of export buyers are still yet to fully operate in the physical markets, preferring to take a cautious approach in the new year.
The heavy steer indicator declined 6pc year-on-year, to 187c, and medium cow prices were 4pc weaker, on 147c/kg lwt.
Email a friend