Cattle indicators fall as large offerings hit market

The National Young Cattle Indicator (NYCI) has softened this week by 11.21c to 363.31c/kg liveweight on Friday morning. It has fallen 13.11c on the previous month. However is up 42.67c on the same time last year.

The NYCI is a seven-day rolling average of young cattle sold across all NLRS-reported saleyards and Australia’s suite of online livestock marketplaces.

NSW Online sales accounted for the largest portion of the calculation at 34%, averaging 377.32c/kg Lightweight. Listings on AuctionsPlus have surged again this week, with more than 20,000 head of commercial cattle in today’s Eastern States and Weaner and Yearling sale.

Meanwhile in the NYCI, Yearling steers were the largest category included, with a head count of 7,890, averaging 375.02c/kg, a 7c/kg price jump from last week. All other categories recorded dips.

Meanwhile, The Eastern States Young Cattle Indicator (EYCI), a seven-day rolling average of young cattle from 23 saleyards across Queensland, NSW and Victoria, was sitting at 673.09 cents per kilogram dressed on Friday morning, down a further 15.28 for the week, back 28.75 from a month ago and up 50.96 on last year.

In the sheep market, the Restocker Lamb Indicator was sitting at 742.84 cents per kilogram dressed on Friday morning, down a further 24c week on week. The Heavy Lamb Indicator lifted to 854.87 cents per kilogram dressed, an increase of 5.49 for the week and up 185c compared to the same time last year.

The Merino Lamb Indicator lifted this week by 23.46c to 722.11 cents per kilogram, meanwhile the Mutton Indicator sat at 512.83 cents per kilogram dressed, a softening of 19.34c/kg week on week.