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) bounced back this week to 916.73c/kg cwt by Friday morning, an increase of 6.02c for the week and a decrease of 86.22c for the month. It’s 56.27c higher than the same time last year.
The National Young Cattle Indicator (NYCI), which reflects national markets and online transactions, fell this week, by 10.31c/kg to 469.91c/kg on Friday morning. It is down 60.41c on last month and up 13.42c on the same time last year.
The National Feeder Heifer Indicator (NFHI), which offers a dedicated lens into the feeder heifer market, fell and was sitting at 450.81c/kg on Friday morning. It’s down 7.99c on last week and 44.11c on last month.
The Processor Cow Indicator was 364.20c/kg on Friday morning, down 1.65c on last week and 11.81c for the month. The top three contributors to this indicator were Roma, Dalby and Wagga.
Let’s turn to the sheep and lamb markets.
The AuctionsPlus Restocker Lamb Indicator (ARLI) fell 74c to close at 1426c/kg dressed weight, reflecting softer demand across several lamb lines despite solid volume moving through the system.
The Light Lamb Indicator shot up 45.42c this week to be 1,084.42c on Friday morning, which was 77.03c down on last month and 85.08c up on last year.
The Heavy Lamb Indicator also lifted, by 22.40c over the past week to be sitting at 1,130.05c/kg cwt. That represents a decrease of 26.35c over the past month and it's 48.48c lower than the same time last year.