A LATE surge within the Japanese Younger Cattle Indicator prior to now few days has produced a photo-finish in Beef Central’s extremely in style ‘Guess the worth of the EYCI by yr’s finish’ competitors, that began again in February.
Readers at first of the yr had been requested to appoint the place the EYCI would sit by shut of enterprise yesterday (Monday, 2 December), with lots of of entries flowing in from throughout Australia earlier than the competitors closed again on 4 March.
The EYCI yesterday closed at 646.4c/kg dressed weight equal – surging 10c/kg on the day gone by.
Elise Mizzi
The closest competitors entry among the many lots of acquired by Beef Central got here from Sydney-based crimson meat business stakeholder Elise Mizzi, whose guess of 654.83c/kg was simply 8.43c shy of the mark.
Elise is head of communications with Andrews Meat Industries, a big Sydney-based beef model program supervisor, exporter and value-adding firm, promoting top quality Australian beef to prestigious venues in Australia and the world over.
Elise expressed complete shock when instructed she had received the competitors, saying the prize (see references beneath) could be an excellent asset throughout an upcoming abroad journey.
Runner-up for this yr’s competitors was former Queensland AgForce Cattle president Will Wilson, who guessed 657.1c/kg, 10.7c off the mark.
Queensland cattle producer Will Wilson.
Honourable point out goes to 3rd place-getter, Rachelle Gotz, whose guess of 634.14c/kg was 12.25c/kg off the mark.
The optimists and pessimists amongst us meant the vary of guesses on this yr’s competitors was huge – the low level being 355c/kg, and the very best, 1080c/kg. The preferred selections amongst readers got here in a spread from 650-800c/kg.
The 2024 yr has confirmed to be unusually steady for the EYCI, buying and selling in a comparatively slender band this yr between 692c/kg (28 August) and 541c (8 January) – a diffusion of 151c in ten months. Examine that with the 2023 yr, when the vary was an alarmingly risky 436c/kg, extending from 785c to 349c at completely different instances of yr.
Elise’s prize for successful our 2024 competitors is an oilskin driving coat (full size or three-quarter, winner’s selection) from top quality Australian attire producer Claybourn, western outfitters since 1910 (retail worth $659). Claybourn produces a variety of nation type jackets, vests, coats, shirts, chinos and pants, caps, equipment and different gear. Click here to learn more in regards to the vibrant historical past of the Claybourn model, gadgets from which appeared on Beef Central’s commerce show at Beef 2024 in Could.
A bottle of Penfolds 389 Shiraz (the poor man’s Grange) goes to the runner-up, Will Wilson.
- Preserve a look-out for Beef Central’s subsequent 2025 EYCI guessing competitors, beginning subsequent February.
In regards to the EYCI
The Japanese Younger Cattle Indicator (EYCI) is the Australian beef business’s most generally used cattle market indicator. It’s calculated primarily based on a seven-day rolling common of younger cattle costs (vealer and yearling heifers and steers 200-400kg liveweight, scores C2 and C3) from 23 saleyards throughout Queensland, NSW and Victoria. It’s expressed in c/kg carcase weight.
At any time limit, a seven-day rolling common contains information from the previous seven calendar days. Within the case of the EYCI, the dataset takes the common ¢/kg cwt of an animal matching the specs of the indicator per day for the previous week, provides them up and divides the determine by seven. The indicator is up to date every day to create a rolling common worth for this specification of animal.
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