INDICATORS: Cattle prices continue to shoot higher

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 924.87c/kg cwt by Friday morning, an increase of 46.29c for the week and 148.38c for the month. It’s 191.37c 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 18.56c/kg to 479.10c/kg on Friday morning. It is up 79.66c on last month and up 101.35c 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 455.46c/kg on Friday morning. It’s 17.28c up on last week.

The Processor Cow Indicator was 376.74c/kg on Friday morning, up 25.64c on last week and 80.94c for the month. The top three contributors to this indicator were Roma, Wagga and Carcoar. 

Let’s turn to the sheep and lamb markets.

In the past week the AuctionsPlus Restocker Lamb Indicator (ARLI) lifted 145c to 1,486c/kg DW. 

The Light Lamb Indicator fell 7.2c this week to be 1,124.62c on Friday morning, which was 4.47c up on last month and 273.37 up on last year.

The Heavy Lamb Indicator lifted, by 37.37c over the past week to be sitting at 1,123.88c/kg cwt. That represents an increase of 24.44c over the past month and 127.78c on the same time last year.