INDICATORS: Positive week for livestock market prices

It’s that time of the week when we check in on some key indicators of performance in the livestock markets.

Livestock markets were largely positive across the board this week, with positive movement in both cattle and sheep indicators.

The Eastern States Young Cattle Indicator (EYCI) lifted slightly this week. It was sitting at 858c/kg cwt on Friday morning, an increase of 1c for the week, 17c for the month and 205c on last year.

The National Young Cattle Indicator (NYCI) also lifted this week, by 6c/kg to 466c/kg on Friday morning. It is up 13c on last year and 108c 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 417c/kg on Friday morning. It’s 1c up on last week.

The Processor Cow Indicator was 367c/kg on Friday morning, up 3c on last week. The top three contributors to this indicator were Wagga, Roma Store and Gunnedah.

 For those keeping an eye on the broader market shifts, there’s plenty more on the new APlus News homepage. Check it out.

Let’s turn to the sheep and lamb markets.

The Online Sheep Indicator (OSI) fell $3.57 to $232/head, which was $4/head higher than a month ago, and $109/head higher than a year ago.

The Light Lamb Indicator lifted 23c to be 1,094c on Friday morning, which was 9c up on last month and 388c up on last year.

Meanwhile the Heavy Lamb Indicator jumped 45c over the past week to be sitting at 1,097c/kg cwt.