It’s that time of the week when we check in on some key indicators of performance in the livestock markets.
The tightening of prices has continued across most livestock indicators this week.
The Eastern States Young Cattle Indicator (EYCI) continued to fall this week to 910.71c/kg cwt by Friday morning, a decrease of 53.60c for the week and 110c for the month. It’s 56.35c higher than the same time last year.
The National Young Cattle Indicator (NYCI), which reflects national markets and online transactions, also fell this week, by 23.33c/kg to 475.72c/kg on Friday morning. It is down 57.79c on last month and up 29.49c on the same time last year.
The National Feeder Heifer Indicator (NFHI), which offers a dedicated lens into the feeder heifer market, fell and was sitting at 458.80c/kg on Friday morning. It’s down 17.67c on last week and 40.44c on last month.
The Processor Cow Indicator was 365.84c/kg on Friday morning, down 8.81c on last week and 10.97c for the month. The top three contributors to this indicator were Roma, Dalby and Blackall.
The national cattle yarding dropped 6% to 67,153 head, while the AuctionsPlus commercial cattle offering dropped 27% to 13, 468.
Let’s turn to the sheep and lamb markets.
The national lamb yarding dropped 15% over the week to 130,324 head, while the national sheep yarding lifted 14% to 58,021 head. This week's AuctionsPlus commercial sheep and lamb offerings reached 55,163 head, down 7% on the previous week
In the past week the AuctionsPlus Restocker Lamb Indicator (ARLI) eased 3c to 1500c/kg DW.
The Light Lamb Indicator fell 26.47c this week to be 1,042.17c on Friday morning, which was 132.53c down on last month and 4.34c up on last year.
The Heavy Lamb Indicator fell by 4.55c over the past week to be sitting at 1,108.29c/kg cwt. That represents a decrease of 52.29c over the past month and it's 138.21c lower than the same time last year.