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 863.07c/kg cwt on Friday morning, an increase of 18.73c for the week, up 30.68c from a month ago and up 248.09c on last year.
The National Young Cattle Indicator (NYCI) also rose, by 25.77c/kg to 463.97c/kg on Friday morning. It is up 11.07c on the previous month and 134.32c 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 427.96c/kg on Friday morning. It’s 13.48c up on last week, and 19.83c up on the previous month.
The Processor Cow Indicator was 397.62c/kg on Friday morning, up 16.17c on last week and 32.67c on the previous month. The top three contributors to this indicator were Dubbo, Wagga and Backall.
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) lifted to $256/head, which was $44/head higher than last week, and $1/head higher than a month ago.
The Light Lamb Indicator lifted 12.57c to be 1,045.10c on Friday morning, which was 1.60c down on last month.
Meanwhile the Heavy Lamb Indicator jumped 23.21c over the past week and is 28.21c higher than the previous month to be sitting at 1,139.18c/kg cwt.