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) has lifted to 866c/kg on Friday morning, up 17c on last week, and 8c on last month.
Meanwhile, the National Young Cattle Indicator (NYCI) ended the week at 465c/kg cwt. It is up 25c on last week and up 86c 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 431c/kg on Friday morning. It’s up 19c on the previous month.
The Processor Cow Indicator has closed the week at 383c/kg cwt on Friday morning, down 4c on last week. The top three contributors to this indicator were Wagga, CTLX Carcoar, and NVLX Wodonga.
Now, let’s turn to the sheep and lamb markets.
The Trade Lamb Indicator closed the week at 1,056c/kg on Friday morning. That's down 16c on last week. However, is up 259c on the same time last year.
The AuctionsPlus Restocker Lamb Indicator (ARLI) closed the week at 1,187c/kg DW, well above long-term averages and reflective of resilient restocker demand heading into the new year.
The Light Lamb Indicator has closed the second week of the year sitting at 1,019c on Friday morning, which was 12c down on last week. However, 297c greater than the same time last year.
The Restocker Lamb Indicator sat at 1,082c/kg on Friday morning, which is also 353c up on this time last year.
The Heavy Lamb Indicator has closed the week at 1,044c/kg cwt. This is 42c/kg back on the same time last month. The top contributors were Wagga, CVLX Ballarat and Forbes.