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INDICATORS: Lambs strong, but cattle slip in lead up to Easter

INDICATORS: Lambs strong, but cattle slip in lead up to Easter
Pic: AgriShots
INDICATORS: Lambs strong, but cattle slip in lead up to Easter
2:04

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 during this short Easter week of trade. It was sitting at 823.52c/kg cwt on Thursday morning, a decrease of 40.44 for the week and 58.25c for the month. It’s 125.49c higher than last year.

The National Young Cattle Indicator (NYCI) also fell this week, by 8.31c/kg to 457.03c/kg on Thursday morning. It is down 25.37c on last month and up 81.08c on the same time last year.

The National Feeder Heifer Indicator (NFHI), which offers a dedicated lens into the feeder heifer market, was steady sitting at 408.09c/kg on Thursday morning. It’s 0.01c up on last week.

The Processor Cow Indicator was 330.88c/kg on Thursday morning, down 17.43c on last week and 44.23c for the month. The top three contributors to this indicator were Tamworth, Gunnedah and Inverell this week. The yards from Northern NSW and into Queensland 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) edged lower, slipping 7c to 1,448c/kg dressed weight. The indicator was at a record high last week, lifting 124c in that week, so it remains extremely robust.

The Light Lamb Indicator lifted 26.47c to be 1,138.91c on Thursday morning, which was 73.23c up on last month and 434.69 up on last year.

Meanwhile the Heavy Lamb Indicator lifted 10.60c over the past week to be sitting at 1,128.70c/kg cwt. That is a increase of 32.07c over the past month.

It should be noted that this week’s figures have been impacted by the Easter long weekend.