INDICATORS: Cattle markets continue to climb, while lamb drops slightly

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 to 975.30c/kg cwt by Friday morning, an increase of 5.42c for the week and 143.24c for the month. It’s 266.82c 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 0.04c/kg to 517.92c/kg on Friday morning. It is up 79.58c on last month and up 134.26c on the same time last year.

The National Feeder Heifer Indicator (NFHI), which offers a dedicated lens into the feeder heifer market, decreased slightly and was sitting at 479.64c/kg on Friday morning. It’s 0.96c down on last week.

The Processor Cow Indicator was 382.31c/kg on Friday morning, down 8.49c on last week and up 45.51c for the month. The top three contributors to this indicator were Charters Towers, Dalby and Roma. 

Let’s turn to the sheep and lamb markets.

In the past week the AuctionsPlus Restocker Lamb Indicator (ARLI) eased 22c to 1,443c/kg dressed weight, .  

The Light Lamb Indicator fell 8.99c this week to be 1,129.68c on Friday morning, which was 87.18c up on last month and 205.77 up on last year.

The Heavy Lamb Indicator also fell by 3.38c over the past week to be sitting at 1,128.61c/kg cwt. That represents an increase of 63.88c over the past month and 121.04c on the same time last year.