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) fell to 1,016.17c/kg cwt by Friday morning, a decrease of 3.56c for the week and and increase of 46.29c for the month. It’s 291.75c higher than the same time last year.
The National Young Cattle Indicator (NYCI), which reflects national markets and online transactions, lifted this week, by 2.00c/kg to 527.57c/kg on Friday morning. It is up 5.05c on last month and up 148.46c on the same time last year.
The National Feeder Heifer Indicator (NFHI), which offers a dedicated lens into the feeder heifer market, lifted and was sitting at 501.97c/kg on Friday morning. It’s up 11.00c on last week.
The Processor Cow Indicator was 378.96c/kg on Friday morning, up 1.22c on last week and down 11.84c for the month. The top three contributors to this indicator were Wagga, Roma and CTLX Carcoar.
Let’s turn to the sheep and lamb markets.
In the past week the AuctionsPlus Restocker Lamb Indicator (ARLI) lifted 115c to 1,664c/kg dressed weight.
The Light Lamb Indicator lifted 22.75c this week to be 1,183.43c on Friday morning, which was 44.75c up on last month and 200.33 up on last year.
The Heavy Lamb Indicator fell by 16.41c over the past week to be sitting at 1,134.51c/kg cwt. That represents an increase of 2.52c over the past month and 60.88c on the same time last year.