INDICATORS: Cattle market confidence lifts

It’s that time of the week when we check in on some key indicators of performance in the livestock markets.

The Eastern States Young Cattle Indicator (EYCI) lifted this week. It was sitting at 844.34c/kg cwt on Friday morning, an increase of 18.95c for the week, back 26.74c from a month ago and up 210.84c on last year.

The National Young Cattle Indicator (NYCI) also rose, by 12.96c/kg to 441.53c/kg on Friday morning. It is 18.23c back on the previous month and is up 110c on the same time last year.

The National Feeder Heifer Indicator (NFHI), which offers a dedicated lens into the feeder heifer market, was sitting at 414.48c/kg on Friday morning. It’s 17.33c up on last week, and 13.47c back on the previous month.

The Processor Cow Indicator was 381.45c/kg on Friday morning, up 20.95c on last week and 6.61c on the previous month. The top three contributors to this indicator were Roma Store, Wagga and Charters Towers.

For those keeping an eye on the broader market shifts, there’s plenty more on the new APlus News homepage at AuctionsPlus.

Let’s turn to the sheep and lamb markets.

The Online Sheep Indicator (OSI) fell to $207/head, which was $17/head lower than last week, and $33/head lower than a month ago.

The Light Lamb Indicator lifted 46.35c to be over the 1,000c mark again - at 1,030.84c on Friday morning, which was 20.38c down on last month.

Meanwhile the Heavy Lamb Indicator jumped 59.48c over the past week and is 7.66c lower than the previous month to be sitting at 1,112.92c/kg cwt.