It’s that time of the week when we check in on some key indicators of performance in the livestock markets.
The new National Feeder Heifer Indicator (NFHI), which offers a dedicated lens into the feeder heifer market, continued its climb, sitting at 407.32c/kg on Friday morning.
It’s 16.22c up on last week, and 63.03c up on the previous month.
The National Young Cattle Indicator (NYCI) lifted by 18.13c/kg to 446.23c/kg on Friday morning. It has lifted 62.17c on the previous month and is up 98.38c on the same time last year.
The Eastern States Young Cattle Indicator (EYCI) was sitting at 854.36c/kg cwt on Friday morning, up 32.57c for the week, 127.63c from a month ago and up 192.30c on last year.
The Processor Cow Indicator was 363.24c/kg on Friday morning, back 10.75c on last week and up 53.27c on the previous month. The top three contributors to this indicator were Roma Store, Dalby and Dubbo.
In the sheep market, the Restocker Lamb Indicator was sitting at 1,062.36c/kg cwt on Friday morning, up a whopping 105.94c over the past seven days. The Heavy Lamb Indicator lifted 67.60c/kg cwt to be 1,246.50c/kg on Friday morning.
The new Online Sheep Indicator (OSI) offers producers and buyers clearer insights into price and supply trends across restocker and breeder sheep sold through digital platforms.
At present, AuctionsPlus is the only online sales platform contributing data to the OSI.
On Friday morning the OSI was sitting at $214/head, which was $40.30/head less than last week. Desert Channels made up more than 50% of the calculation this week.
