INDICATORS: OSI lifts, EYCI softens

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) softened this week. It was sitting at 894c/kg cwt on Friday morning, a decrease of 13c for the week, however still up 49c from a month ago.

Meanwhile, the National Young Cattle Indicator (NYCI) has continued to rise by 6c/kg to 488c/kg on Friday morning. It is up 50c on the previous month and 147c 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 435c/kg on Friday morning. It’s down 7c on last week, and 21c up on the previous month.

The Processor Cow Indicator experienced a slight decline after lifting last week, and was 392c/kg on Friday morning. The top three contributors to this indicator were Wagga, Dubbo and Roma Store.

If you’re in the market, there’s 18,000 head of cattle up for auction on AuctionsPlus today, for the second week in a row, there’s a second weaner and yearling sale to account for the largest offering.

Now, let’s turn to the sheep and lamb markets.

The Online Sheep Indicator (OSI) lifted to $272/head, which was $19/head higher than last week, and $60/head dearer than a month ago.

The AuctionsPlus Restocker Lamb Indicator (ARLI) ended the week at 1,197c/kg, a tightening of 90c on last week.

The Light Lamb Indicator has fallen 25c to be 1,045c on Friday morning, which was 13c up on last month.