INDICATORS: EYCI climbing back to yearly record high

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 again this week. It was sitting at 898.63c/kg cwt on Friday morning, an increase of 35.56c for the week and up 61.56c from a month ago. That puts the EYCI just shy of the year’s top EYCI of 900.49c achieved in early September. It had dropped to 822.22c in late October and has made a stunning recovery this month.

Likewise the National Young Cattle Indicator (NYCI) has also been rising fast, by 13.77c/kg to 475.16c/kg on Friday morning. It is up 35.48c on the previous month and 144.97c on the same time last year.

The National Feeder Heifer Indicator (NFHI), which offers a dedicated lens into the feeder heifer market, was sitting at 437.48c/kg on Friday morning. It’s 9.53c up on last week, and 35.46c up on the previous month.

The Processor Cow Indicator experienced a small decline this week, and was 394.77c/kg on Friday morning, down 2.85c on last week but was still 33.94c up on the previous month. The top three contributors to this indicator were Dubbo, NVLX Wodonga and Wagga.

For those keeping an eye on the broader market shifts, there’s plenty more on the new APlus News homepage at AuctionsPlus.

Let’s turn to the sheep and lamb markets.

The Online Sheep Indicator (OSI) fell to to $229/head, which was $23/head lower than last week, and $8/head lower than a month ago.

The AuctionsPlus Restocker Lamb Indicator (ARLI) lifted to 1,283c/kg DW, up 54c on last week, marking one of the strongest November readings on record.

The Light Lamb Indicator lifted 11.58c to be 1,055.25c on Friday morning, which was 81.65c up on last month.