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 411.67c/kg on Friday morning.
It’s 15.33c up on last week, and 51.55c up on the previous month.
The National Young Cattle Indicator (NYCI) lifted by 8.57c/kg to 454.80c/kg on Friday morning. It has lifted 64.40c on the previous month and is up 113.44c on the same time last year.
The Eastern States Young Cattle Indicator (EYCI) was sitting at 849.54c/kg cwt on Friday morning, down 4.83c for the week, up 101.89c from a month ago and up 184.66c on last year.
The Processor Cow Indicator was 354.21c/kg on Friday morning, back 5.34c on last week and up 40.21c on the previous month. The top three contributors to this indicator were Roma Store, Dalby and Charters Towers.
There’s 15,799 head of cattle up for sale on AuctionsPlus today, including an extra weaner and yearling auction to account for the increased offering.
This is on the back of the AuctionsPlus Young Cattle Indicator being on a five week streak of climbing, to be at 985c/kg cwt at the end of last week’s sales.
Check out Friday’s cattle auctions to see if that hot streak continues.
In the sheep market, the Restocker Lamb Indicator was sitting at 983.55c/kg cwt on Friday morning, down 78.81c over the past seven days after rising more than 100c the previous week. The Heavy Lamb Indicator also dropped to be 1176.81c/kg cwt or 69.69c back.
On Friday morning the new Online Sheep Indicator (OSI) was sitting at $243.09/head, which was $34.47/head more than last week.
And we have one for the record books - the AuctionsPlus Restocker Lamb Indicator (ARLI) has climbed to its highest level since the metric was introduced, with strong buyer demand pushing the market to new heights.
For the week ending August 13, the ARLI averaged 590 c/kg liveweight (LW), up 65 c/kg LW week-on-week and well above the long-term average of 352 c/kg LW recorded since 2016.
