INDICATORS: EYCI remains above the 1,000c mark as cattle and lamb prices surge

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 33.91c this week to be 1,034.47c/kg cwt by Friday morning. It’s a 113.99c increase for the month and 199.81c higher than the same time last year.

The National Young Cattle Indicator (NYCI), which reflects national markets and online transactions, lifted this week, by 27.69c/kg to 555.03c/kg on Friday morning. It is up 77.85c on last month and up 117.87c 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 485.20c/kg on Friday morning. It’s up 5.31c on last week and 44.48c on last month.

The Processor Cow Indicator was 408.29c/kg on Friday morning, up 8.34c on last week and up 32.02c for the month. The top three contributors to this indicator were Roma, Wodonga and Wagga.

Let’s turn to the sheep and lamb markets.

The AuctionsPlus Restocker Lamb Indicator (ARLI) lifted 40c to settle at 1,406c/kg cwt.

The Light Lamb Indicator gained 39.84c this week to be 1,151.40c on Friday morning, which was 138.99c up on last month and 134.52c up on the same time last year.

The Heavy Lamb Indicator lifted by 23.24c over the past week to be sitting at 1,151.42c/kg cwt. That represents an increase of 96.04c over the past month, and it’s 84.42c higher than the same time last year.