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INDICATORS: Livestock markets dip under increased supply but light lambs continue climb

INDICATORS: Livestock markets dip under increased supply but light lambs continue climb
Pic: AgriShots
INDICATORS: Livestock markets dip under increased supply but light lambs continue climb
1:52

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 this week. It was sitting at 864.88c/kg cwt on Friday morning, a decrease of 32.27 for the week, an increase of 8.04c for the month and 218.90c on last year.

The National Young Cattle Indicator (NYCI) also fell this week, by 6.09c/kg to 474.22c/kg on Friday morning. It is up 14.56c on last month and 132.17c on the same time last year.

The National Feeder Heifer Indicator (NFHI), which offers a dedicated lens into the feeder heifer market, was sitting at 420.07c/kg on Friday morning. It’s 21.10c down on last week.

The Processor Cow Indicator was 374.59c/kg on Friday morning, down 5.77c on last week. The top three contributors to this indicator were Tamworth, Inverell and Dubbo for the second week in row, demonstrating destocking activity in northern NSW.

For those keeping an eye on the broader market shifts, there’s plenty more on the new APlus News homepage. Check it out.

Let’s turn to the sheep and lamb markets.

The AuctionsPlus Restocker Lamb Indicator (ARLI) fell 49c to 1,341c/kg dressed weight of the back of its peak last week where the indicator reached its record height of 1,390c/kg DW.

The Light Lamb Indicator lifted a further 26.67c to be 1,141.20c on Friday morning, a new peak, which was 70.16c up on last month and 444.62 up on last year.

Meanwhile the Heavy Lamb Indicator fell 5.08c over the past week to be sitting at 1,107.28c/kg cwt.