A combination of recent rain and overall confidence has established a pattern of continued records in the beef cattle industry.

According to Meat and Livestock Australia the EYCI settled at 896c/kg on Tuesday.

This compares to a figure of 701.5c this time last year, and 486.25c back in 2019.

The Wagga cattle market, on Monday, reflected the current highs with trade steers gaining 17c to average 450c/kg.

Across the offering, including heifers, there was an upward price trajectory with females returning to the paddock making 544c or the equivalent of $1452/head.

Cattle producer, Mark Lucas of Reiland Angus said the affects of the indicator were evident throughout the entire beef industry.

He said there was a pattern, also witnessed in the sheep and lamb industry a few years ago, where prices headed on an upward trend but were later maintained.

It was hoped this would happen in the beef industry too. He said traditionally producers budgeted the value of six weaners to purchase a sire. If weaners made $1800 a head, that overall average (multiplied by six) was now the average being paid for bulls.

Interestingly he conceded there may have been an "over correction" of the market at present. He estimated it could be up by about 10 per cent to 15 per cent just because of the seasonal conditions.

"We are seeing buoyancy seasonally," he said.

Meanwhile, Mr Lucas, who runs a stud stock business, said kudos belonged to those who had improved their operations.

"Seedstock has made massive gains in the past five years," he said.

He said there has been a concerted focus on marbling and eye muscle area and genomics figures in the past five years or more.

There was also an effort to provide parent verification for buyers and to support the industry with required specifications.