We’re getting in the direction of the sharp finish of Beef Central’s extremely well-liked ‘Guess the worth of the EYCI by 12 months’s finish’ competitors, launched again on 2 February.
Readers on the time had been requested to appoint the place the Jap Younger Cattle Indicator would sit by early December, with tons of of entries flowing in from throughout Australia earlier than the competitors closed on 4 March.
The optimists and pessimist amongst us meant the vary of guesses was huge – the low level being 355c/kg, and the very best, 1080c/kg.
With lower than a month left earlier than the winners are introduced on December 2, the EYCI this morning sits at 614.8c/kg. Widespread rain – or the shortage of it – might nonetheless have a big impression on the ultimate consequence, so even when your guess is at present a bit large of the mark, don’t quit hope.
As this follow-up article by agribusiness consultant Ian McLean from Bush Agribusiness confirmed, after entries closed again in March, the preferred decisions amongst readers got here in a variety from 650-800c/kg.
The 2024 12 months has confirmed to be unusually secure for the EYCI, buying and selling in a comparatively slender band this 12 months between 692c/kg (28 August) and 541c (8 January) – a selection of 151c in ten months. Examine that with the 2023 12 months, when the vary was an alarmingly unstable 436c/kg, extending from 785c to 349c at completely different instances of 12 months.
There’s main bragging rights – and nice prizes – at stake for the winner of Beef Central’s EYCI prediction competitors. Right here’s what’s on provide for the winner and the runner-up to be introduced subsequent month:
- An oilskin driving coat (full size or three-quarter, winner’s alternative) from top quality Australian attire producer Claybourn, western outfitters since 1910 (retail worth $659). Claybourn produces a variety of nation model jackets, vests, coats, shirts, chinos and pants, caps, equipment and different gear. Click here to learn more about the colourful history of the Claybourn model, gadgets from which appeared on Beef Central’s commerce show at Beef 2024 in Might.
- A bottle of Penfolds 389 Shiraz (the poor man’s Grange) for the runner-up.
The Jap 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.
For readers eager to examine on their guess from earlier within the 12 months, or see how others are going, click here to view the original report, together with reader feedback containing guesses (different guesses registered with us by e mail and textual content).
Additionally click here to view Ian McLean’s commentary across the wide selection of guesses made by stakeholders.
- Maintain a look-out for Beef Central’s 2025 EYCI guessing competitors, beginning subsequent February.
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