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 379.16c/kg on Friday morning.
It’s 19.04c/kg up on last week, and 36.48c/kg upon the previous month.
The National Young Cattle Indicator (NYCI) lifted by 16.55c/kg to 406.95c/kg on Friday morning. It has lifted 27.13c on the previous month and is up 60.31c on the same time last year.
The Eastern States Young Cattle Indicator (EYCI) was sitting at 772.08c/kg cwt on Friday morning, up 24.43c for the week, 59.71c from a month ago and up 117.97c on last year.
The Processor Cow Indicator continued to run and was 328.12c/kg on Friday morning, up 14.12c on last week and up 36.25c on the previous month. The top three contributors to this indicator were Queensland-based – Roma Store, Dalby and Charters Towers.
In the sheep market, the Restocker Lamb Indicator was sitting at 963.73c/kg cwt on Friday morning, up 11.36c over the past seven days. The Heavy Lamb Indicator continued its climb, lifting 14.82c/kg to be 1,174.67c/kg on Friday morning.
The new Online Sheep Indicator (OSI) offers producers and buyers clearer insights into price and supply trends across restocker and breeder sheep sold through digital platforms.
At present, AuctionsPlus is the only online sales platform contributing data to the OSI.
On Friday morning the OSI was sitting at $249.57/head, which was $64.10/head more than last week. Western NSW made up more than 75% of the calculation this week.