INDICATORS: NYCI lifts with large online offerings

The National Young Cattle Indicator (NYCI) lifted 8.09c/kg liveweight this week to be 350.25c/kg on Friday morning. It is now 6.99 cents back on the previous month and 38.42 higher than the same time last year.  

The NYCI is a seven-day rolling average of young cattle sold across all NLRS-reported saleyards and Australia’s suite of online livestock marketplaces. 

Roma Store Sale’s throughput of young cattle more than halved to 2,033 head this week thanks to widespread rain in Queensland. Roma had only regained the top spot as the largest contributor to the NYCI last week after Cyclone Alfred, but this week NSW Online Sales and Queensland Online Sales had the highest throughput.

Yearling heifers were the largest category again with 4,734 head alongside 3,884 yearling steers. A reduced offering increased heifer prices by an average of 17.10 week on week and steers also gained 10.24 over the same period.

Meanwhile, the Eastern States Young Cattle Indicator (EYCI), a seven-day rolling average of young cattle from 23 saleyards across Queensland, NSW and Victoria, was sitting at 659.79 cents per kilogram dressed on Friday morning, an increase of 13.81c for the week, 6.64 from a month ago and up 62.67 on last year. 

In the sheep markets, the Restocker Lamb Indicator lifted 13.61 cents per kilogram dressed compared to last week and was sitting at 793.11 on Friday morning.

The Heavy Lamb Indicator lifted 13.61 cents per kilogram dressed compared to last week to be 793.11. 

The Merino Lamb Indicator lifted 25 cents per kilogram dressed this week, recovering partially from a 50.45 cent drop the previous week to sit at 644.26 and the Mutton Indicator rose to 427.05 cents per kilogram dressed, or 22.52 cents up, on the same time last week.