MLA/SFE Cattle Futures
It's a fact. Price volatility is the only certainty in the Australian cattle market. Since the Eastern Young Cattle Indicator (EYCI) was first calculated in 1997, there has been an average 30-40% difference between the high and low price during any one year.
MLA/SFE Cattle Futures provide cattle buyers and sellers with a practical and effective means of protecting their bottom line and taking advantage of favourable cattle prices when they arise.
Further, cattle futures can be used in conjunction with other risk management tools to create flexibility in managing supply alongside price.
Important Announcement - Change to the EYCI
Effective Tuesday 3rd June 2008, Bathurst (saleyard code BAT) will cease to be included in the Eastern Young Cattle Indicator (EYCI). The final Bathurst cattle sale occurs on Tuesday 27th May, 2008.
The new Central Tablelands Livestock Exchange saleyards at Carcoar (saleyard code CTL); will take the place of Bathurst in the EYCI calculation. CTLX is a combination of Bathurst, Orange and Blayney selling centres, which are all going to cease once CTLX is operational.
Bathurst currently accounts for approximately 3.75% of the total weekly yarding for EYCI eligible cattle. The vast majority of cattle previously sold at Bathurst are anticipated to be sold at the new complex, which, along with the potential of additional numbers from Orange and Blayney.. It is expected that there will be negligible impact on the EYCI.
For more information please contact
MLA's National Livestock Reporting Service
Tel: (02) 9463 9372
Email: nlrs@mla.com.au
General information
- MLA/SFE Cattle Futures - access a range of general information, including contract specifications; how to trade cattle futures; and contact details for risk management advisors and brokers.
- Basis in cattle market - understand what basis is, and access the latest basis analysis.
Market prices and analysis
More information
- Visit http://www.asx.com.au/cattlefutures
- Contact MLA on (02) 9463 9276
- Subscribe to weekly Risk Management Updates by clicking 'Register' or 'Update details' on right hand side of your screen
Meat & Livestock Australia Limited (MLA) has no involvement in the conduct or operation of the financial market operated by Sydney Futures Exchange Limited (SFE), on which the MLA/SFE Cattle Futures Contract (Contract) is listed. MLA is not a related entity of the SFE. MLA receives a payment from SFE for each Contract traded. This payment is intended to recoup the costs incurred by MLA in sponsoring the Contract.
This website is published by MLA and is for information purposes only. MLA accepts no liability for errors or omissions or for any damage, loss or claim arising from reliance on the information contained in it. The industry sponsors are not responsible for the contents of this website. Nothing in this website or the activities contemplated by it is intended to be the provision of financial services, in particular, the provision of financial product advice. The information in this website may nonetheless be deemed to be general financial product advice under the Corporations Act 2001. MLA does not require, and does not hold, an Australian Financial Services (AFS) Licence. You should seek independent advice from a holder of an AFS Licence before making any decisions relating to the Contract.
|