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) fell to 782.11c/kg cwt by Friday morning, a decrease of 20.65c for the week and 81.85c for the month. It’s 82.83c higher than the same time last year.
The National Young Cattle Indicator (NYCI), which reflects national markets and online transactions, lifted this week, by 13.19c/kg to 438.01c/kg on Friday morning. It is down 27.30c on last month and up 56.80c on the same time last year.
The National Feeder Heifer Indicator (NFHI), which offers a dedicated lens into the feeder heifer market, dropped and was sitting at 398.12c/kg on Friday morning. It’s 9.44c down on last week.
The Processor Cow Indicator was 297.99c/kg on Friday morning, down 25.18c on last week and 50.32c for the month. The top three contributors to this indicator were Dubbo, Inverell and Roma. The yards from Northern NSW and into Queensland, which are suffering from poor seasonal conditions, recorded the lowest average prices, while southern markets held up for processor cow sales.
Let’s turn to the sheep and lamb markets.
The AuctionsPlus Restocker Lamb Indicator (ARLI) slipped 22c to 1,386c/kg DW but remains at close to record levels.
The Light Lamb Indicator fell 75.74c to be 1094.56c on Friday morning, which was 17.88c down on last month and 350.89 up on last year.
Meanwhile the Heavy Lamb Indicator fell 28.43c over the past week to be sitting at 1,105.41c/kg cwt. That is a decrease of 12.69c over the past month and up 280.26c on the same time last year.