THE idea that young cattle prices may have reached their peak is being bandied around but no one is predicting the market will come off in a big hurry.
The indicative Eastern Young Cattle Indicator has dropped 6 cents a kilogram carcase weight in the past week to sit today at 864c, which is 158c above year-ago levels.
Tight supply and plenty of feed in paddocks will continue to hold cattle prices in very high territory.
Agents are even predicting the normal course of increased volumes on offer from here will be different this year.
Certainly the pointy pattern so far this year of record prices causing yarding size jumps causing price plateauing causing yarding size shrink suggests normal trends are not for 2021.
Thomas Elders Markets reports…