INDICATORS: Cattle price climb continues

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 878.59c/kg cwt by Friday morning, an increase of 46.53c for the week and 96.48c for the month. It’s 193.20c 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 18.17c/kg to 460.13c/kg on Friday morning. It is up 44.76c on last month and up 104.79c 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 438.17c/kg on Friday morning. It’s 17.36c up on last week.

The Processor Cow Indicator was 351.11c/kg on Friday morning, up 14.31c on last week and 53.36c for the month. The top three contributors to this indicator were Wagga, Roma and Inverell. 

Let’s turn to the sheep and lamb markets.

In the past week the AuctionsPlus Restocker Lamb Indicator (ARLI) lifted 50c to 1,366c/kg DW.

The Light Lamb Indicator lifted 93.22c this week to be 1,136.04c on Friday morning, which was 49.93c up on last month and 367.08 up on last year.

The Heavy Lamb Indicator also lifted, by 20.98c over the past week to be sitting at 1,085.74c/kg cwt. That represents a decrease of 18.16c over the past month and up 183.54c on the same time last year.