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 3.09c this week to be 1,040.31c/kg cwt by Friday morning. It’s a 122.16c increase for the month and 178.39c higher than the same time last year.
The National Young Cattle Indicator (NYCI), which reflects national markets and online transactions, eased slightly this week, by 2.12c/kg to 546.41c/kg on Friday morning. It is up 62.37c on last month and up 92.88c on the same time last year.
The National Feeder Heifer Indicator (NFHI), which offers a dedicated lens into the feeder heifer market, rose and was sitting at 491.67c/kg on Friday morning. It’s up 4.06c on last week and 60.90c on last month.
The Processor Cow Indicator was 412.94c/kg on Friday morning, up 6.06c on last week and up 38.53c for the month. The top three contributors to this indicator were Wagga, Roma and Charters Towers.
Let’s turn to the sheep and lamb markets.
The AuctionsPlus Restocker Lamb Indicator (ARLI) fell 17c to settle at 1,389c/kg cwt.
The Light Lamb Indicator dropped 57.97c this week to be 1,096.47c on Friday morning, which was 19.71c up on last month and 48.23c up on the same time last year.
The Heavy Lamb Indicator eased by 10.29c over the past week to be sitting at 1,148.82c/kg cwt. That represents an increase of 40.48c over the past month, and it’s 1.74c lower than the same time last year.
The National Mutton Indicator held steady with a 1.21c gain over the week to be 856.92c/kg cwt on Friday morning. It’s up 27.86c on last month and 105.16c higher than the same time last year.