What is happening with the NYCI?

MLA launched the National Young Cattle Indicator (NYCI) in May. The indicator provides a national price for young restocker animals across the country sold via either saleyard or online sales channels.

As of 18 July 2024, the NYCI sat at 331.10¢/kg live weight (lwt). The price for restocker animals in the NYCI has increased 31¢ (10%) over a three-week period since 30 June.

At present, online sales of NSW restocker cattle are fetching the most of all restocker cattle in the country at 378.36¢/kg lwt. NSW online sales has been tracking differently to overall restocker activity throughout the year. While national restocker prices were elevated from January through to February, online sales from NSW have only recently reached their second highest level in the last 12 months.

NSW’s strong online sale price is reflective of the season in the state. Conditions in the north of NSW have been favourable – making trading quite attractive. This has supported high online sale prices in NSW. It is important to note that on a $/head basis NSW online sales were higher earlier in the year. Due to the lighter weights that are currently being presented, cattle are now receiving a higher ¢/kg lwt price.

 A significant number of restocker cattle are also being sold out of Queensland through online channels – Queensland online sales make up 14.66% of national restocker throughput. WA is not recording any online restocker cattle via online channels. In Victoria, the poor seasonal conditions and lack of pasture has resulted in lower restocker prices.

Yearling steers weighing between 200–280kg are the most traded article through the NYCI.

The information from the NYCI provides the best insights into Australia’s restocker market. To view the NYCI, visit National Young Cattle Indicator