INDICATORS: Cattle market posts solid gains across the board

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) shot up to 969.88c/kg cwt by Friday morning, an increase of 45.94c for the week and 161.02c for the month. It’s 251.55c higher than the same time last year.

The National Young Cattle Indicator (NYCI), which reflects national markets and online transactions, also lifted this week, by 38.78c/kg to 517.88c/kg on Friday morning. It is up 96.05c on last month and up 131.49c on the same time last year.

The National Feeder Heifer Indicator (NFHI), which offers a dedicated lens into the feeder heifer market, increased and was sitting at 480.60c/kg on Friday morning. It’s 22.19c up on last week.

The Processor Cow Indicator was 390.80c/kg on Friday morning, up 13.85c on last week and 64.34c for the month. The top three contributors to this indicator were Roma, Wagga and Charters Towers. 

Let’s turn to the sheep and lamb markets.

In the past week the AuctionsPlus Restocker Lamb Indicator (ARLI) eased 21c to 1,465c/kg DW.  

The Light Lamb Indicator lifted 14.05c this week to be 1,138.67c on Friday morning, which was 59.64c up on last month and 258.05 up on last year.

The Heavy Lamb Indicator lifted, by 8.12c over the past week to be sitting at 1,131.99c/kg cwt. That represents an increase of 22.98c over the past month and 158.04c on the same time last year.