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 802.76c/kg cwt by Friday morning, a decrease of 5.58 for the week and 62.12c for the month. It’s 100.92c higher than the same time last year.
The National Young Cattle Indicator (NYCI), which reflects national markets and online transactions, lifted this week, by 11.08c/kg to 425.53c/kg on Friday morning. It is down 46.77c on last month and up 49.12c on the same time last year.
The National Feeder Heifer Indicator (NFHI), which offers a dedicated lens into the feeder heifer market, increased, and was sitting at 407.47c/kg on Friday morning. It’s 17.70c up on last week.
The Processor Cow Indicator was 323.17c/kg on Friday morning, down 6.83c on last week and 51.42c for the month. The top three contributors to this indicator were Inverell, Tamworth and Dubbo. 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) continues to perform, achieving 1,421c/kg DW, this week, up 10c, continuing to track well above recent averages.
The Light Lamb Indicator fell 34.92c to be 1,169.42c on Friday morning, which was 32.43c up on last month and 543.91 up on last year.
Meanwhile the Heavy Lamb Indicator fell 14.17c over the past week to be sitting at 1,135.93c/kg cwt. That is an increase of 30.02c over the past month and 321.36c on the same time last year.