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 433.57c/kg on Friday morning. It’s 9.43c up on last week, and 42.47c up on the previous month.
The National Young Cattle Indicator (NYCI) lifted by 13.22c/kg to 472.98c/kg on Friday morning. It has lifted 44.88c on the previous month and is up 117.51c on the same time last year.
The Eastern States Young Cattle Indicator (EYCI) was sitting at 893.98c/kg cwt on Friday morning, back 22.14c for the week, up 72.18c from a month ago and up 207.88c on last year.
The Processor Cow Indicator was 367.71c/kg on Friday morning, up 13.17c on last week and back 6.29c on the previous month. It recovered from a small drop last week. The top three contributors to this indicator were Roma Store, Dalby and Dubbo.
In the sheep market, the Restocker Lamb Indicator lifted again to be sitting at 1,091.34c/kg cwt on Friday morning, up 63.14c over the past seven days. The Heavy Lamb Indicator dropped to be 1,131.06c/kg cwt or 30.75c back from the previous week.
On Friday morning the new Online Sheep Indicator (OSI) was sitting at $244.46/head, which was $53.70/head more than last week.
The AuctionsPlus Restocker Lamb Indicator (ARLI) remained a bright spot, averaging $167/head or 1,319c/kg DW, up $3 for the week. Encouragingly, ARLI is now $12/head stronger over the month and $57 higher year-on-year, signalling restocker confidence remains firm despite larger volumes coming forward. A total of 40,414 restocker lambs were assessed as eligible for the indicator during the week.