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) was sitting at 898.06c/kg cwt on Friday morning, up 4.09c for the week, up 43.70c from a month ago and up 226.64c on last year.
The National Young Cattle Indicator (NYCI) fell by 5.29c/kg to 467.67c/kg on Friday morning. It has lifted 21.45c on the previous month and is up 115.26c on the same time last year.
The new National Feeder Heifer Indicator (NFHI), which offers a dedicated lens into the feeder heifer market, continued its climb, sitting at 439.11c/kg on Friday morning. It’s 5.54c up on last week, and 42.78c up on the previous month.
The Processor Cow Indicator was 374.34c/kg on Friday morning, up 6.62c on last week and 14.78c on the previous month. The top three contributors to this indicator were Roma Store, Charters Towers and Dalby.
Current conditions are bringing even more livestock on the box. There’s more than 18,000 head of cattle up for sale on AuctionsPlus today, including an extra weaner and yearling auction to account for the large offering – check it out.
In the sheep market, the Restocker Lamb Indicator lifted again to be sitting at 1,100.53c/kg cwt on Friday morning, up 9.19c over the past seven days. The Heavy Lamb Indicator also lifted and is sitting at 1,159.02c/kg cwt, regaining the 27.96c lost the previous week.
On Friday morning the new Online Sheep Indicator (OSI) was $179.61/head, which was $8.83/head more than last week.