It’s that time of the week when we check in on some key indicators of performance in the livestock markets.
The new National Feeder Heifer Indicator (NFHI), which offers a dedicated lens into the feeder heifer market, continued its climb, sitting at 424.67c/kg on Friday morning.
It’s 10.52c up on last week, and 46.51c up on the previous month.
The National Young Cattle Indicator (NYCI) lifted by 5.60c/kg to 459.84c/kg on Friday morning. It has lifted 52.89c on the previous month and is up 106.78c on the same time last year.
The Eastern States Young Cattle Indicator (EYCI) was sitting at 871.83c/kg cwt on Friday morning, up 18.50c for the week, up 99.75c from a month ago and up 193.64c on last year.
The Processor Cow Indicator was 354.54c/kg on Friday morning, back just under 1c on last week and up 26.42c on the previous month. The top three contributors to this indicator were Roma Store, Charters Towers and Dalby.
The current good prices are bringing even more cattle on the box. There’s 13,843 head of cattle up for sale on AuctionsPlus today, including an extra weaner and yearling auction to account for the large offering – check it out.
In the sheep market, the Restocker Lamb Indicator lifted above the 1,000 mark again to be sitting at 1,023.20c/kg cwt on Friday morning, up 39.65c over the past seven days. The Heavy Lamb Indicator dropped to be 1,161.81c/kg cwt or 15c back from the previous week.
On Friday morning the new Online Sheep Indicator (OSI) was sitting at $190.76/head, which was $52.33/head less than last week.
The AuctionsPlus Restocker Lamb Indicator (ARLI) has this week settled at 1,301c/kg DW, down 29c after hitting its highest point on record last week.
