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 808.85c/kg cwt by Friday morning, an increase of 32.36c for the week and 0.52c for the month. It’s 120.49c 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 22.69c/kg to 423.67c/kg on Friday morning. It is up 9.19c on last month and up 49.16c 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 408.68c/kg on Friday morning. It’s 24.80c up on last week.
The Processor Cow Indicator was 326.46c/kg on Friday morning, up 30.65c on last week and back 3.53c for the month. The top three contributors to this indicator Dubbo, Tamworth and Carcoar, demonstrating that the cow sell off is slowly heading in a southerly direction.
Let’s turn to the sheep and lamb markets.
The AuctionsPlus Restocker Lamb Indicator (ARLI) lifted 23c to 1,311c/kg DW.
The Light Lamb Indicator fell 47.51c to be 1079.44c on Friday morning, which was 124.90c down on last month and 353.17 up on last year.
The Heavy Lamb Indicator lifted 9.01c over the past week to be sitting at 1,109.01c/kg cwt. That is a decrease of 41.09c over the past month and up 258.87c on the same time last year.