INDICATORS: Queensland online sales dominate NYCI

The National Young Cattle Indicator (NYCI) remained stable this week, falling by just 0.05c to 379.77c/kg liveweight on Friday morning. It has dropped 7.58c on the previous month and is up 74.91 on the same time last year.

The NYCI is a seven-day rolling average of young cattle sold on AuctionsPlus and across all NLRS-reported saleyards.

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The biggest contributor to the indicator this week was Queensland Online Sales with 3,690 head for an average price of 374.43c/kg, followed by Roma Store with 2,660 for an average price of 376.26c/kg.

Yearling Steers were the biggest category included, averaging 405.66c/kg, a rise of 5.44c week-on-week.

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 727.19 cents per kilogram dressed on Friday morning, up 14.82 for the week, up 6.38 from a month ago and up 125.71 on last year.

In the sheep market, the Restocker Lamb Indicator was sitting at 928.86 cents per kilogram dressed on Friday morning, up 45.95 week on week. The Heavy Lamb Indicator lifted 67.08c/kg to be 1,097.16c/kg on Friday morning.

The Merino Lamb Indicator gained 76.06c this week to 934.34 cents per kilogram and the Mutton Indicator jumped to 680.89c/kg dressed, an increase of 35.46c week on week.