1 min read

INDICATORS: Queensland online sales biggest contributor to NYCI in a stable week

INDICATORS: Queensland online sales biggest contributor to NYCI in a stable week

The National Young Cattle Indicator (NYCI) remained stable this week, lifting by 0.56c to 379.76c/kg liveweight on Friday morning. It has lifted 23.97c on the previous month and is up 58.69 on the same time last year.

The NYCI is a seven-day rolling average of young cattle sold on AuctionsPlus and across all NLRS-reported saleyards.

READ MORE: Market-smart reserves prove a winning move for Merinos online

The biggest contributor to the indicator this week was Queensland Online Sales with 4,992 head for an average price of 391.77c/kg, followed by Roma Store with 4,253 for an average price of 358.64c/kg.

Yearling Steers were the biggest category included, averaging 393.59c/kg, a fall of 3.74c week-on-week.

The Eastern States Young Cattle Indicator (EYCI), a seven-day rolling average of young cattle from 23 saleyards across Queensland, NSW and Victoria, was sitting at 700.12 cents per kilogram dressed on Friday morning, down 6.94 for the week, up 14.73 from a month ago and up 112.88 on last year.

In the sheep market, the Restocker Lamb Indicator was sitting at 883.02 cents per kilogram dressed on Friday morning, down 41.03 week on week. The Heavy Lamb Indicator lifted a further 19.99c/kg to be 1,061.24c/kg on Friday morning after gaining more than 60c last week.

The Merino Lamb Indicator lost last week’s gains to fall by 46.07c to 838.79 cents per kilogram and the Mutton Indicator jumped to 673.75c/kg dressed, an increase of 6.62c week on week.

Weekly Cattle Market Report

Weekly Cattle Market Report

Commercial cattle supply on AuctionsPlus has continued to rise this week, reaching 18,266 head listed, an 2% increase and one of the largest...

Read More >
INDICATORS: Cattle indicators tumble and sheep markets have mixed results

INDICATORS: Cattle indicators tumble and sheep markets have mixed results

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

Read More >