INDICATORS: Processor cows gain 50c/kg in just a week

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 391.10c/kg on Friday morning.

It’s 13.47c up on last week, and 39.06c up on the previous month.

The National Young Cattle Indicator (NYCI) lifted by 21.16c/kg to 428.10c/kg on Friday morning. It has lifted 48.99c on the previous month and is up 80.03c on the same time last year.

The Eastern States Young Cattle Indicator (EYCI) was sitting at 821.80c/kg cwt on Friday morning, up 49.72c for the week, 94.61c from a month ago and up 152.36c on last year.

The Processor Cow Indicator continued to run and was 374c/kg on Friday morning, up 45.88c on last week and up 73.20c on the previous month. The top three contributors to this indicator were Dalby, Roma Store and Dubbo.

In the sheep market, the Restocker Lamb Indicator was sitting at 956.42c/kg cwt on Friday morning, down 7.31c over the past seven days. The Heavy Lamb Indicator lifted 4.23c/kg cwt to be 1,178.90c/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 $254.30/head, which was $4.73/head more than last week. Western NSW made up more than 50% of the calculation this week.