About Beef EYCI
Eastern Young Cattle Indicator The Eastern Young Cattle Indicator, or EYCI, is a seven-day rolling average of young cattle from 25 saleyards across Queensland, NSW and Victoria. It is expressed in cents per kilogram carcase (or dressed) weight (¢/kg cwt) and is rounded to the nearest ¼ cent. The EYCI is produced by Meat & Livestock Australia’s National Livestock Reporting Service (NLRS). National Livestock Reporting Service
- In total, Australian beef cattle farmers produce 2.5 million tonnes of beef and veal each year
- The gross value of Australian cattle and calf production (including live cattle exports) in 2015–16 was $12.7 billion
- Australia exported 962,983 tonnes of beef in 2016–17, worth $8.5 billion. The major export markets for beef are Japan (29%), the United States (21.7%) and Korea (16.8%).
- Australia produces 3% of the world’s beef, and was the third largest beef exporter during 2016/17. (Source; Food, Fibre & Forestry Facts, NFF, 2017)