Back to Prices & Markets

Subscribe to Prices & Markets e-newsletter

For in-depth red meat market news, information and analysis.

SIGN UP

MLA’s cattle and sheep indicators are returning

03 June 2020

From 3 June, MLA’s full suite of market reporting – including the cattle and sheep indicators – will return after being suspended since March due to COVID-19 disruptions to market reporting.

The return of the indicators follows MLA’s Livestock Market Officers (LMOs) resuming physical market reporting at all saleyards covered by the indicators.

If COVID-19 disrupts market reporting again, the indicators will also be suspended until further notice. If there are local disruptions, there may be instances where a full saleyard report is not available.

Impact on reporting

From 3 June, the full suite of MLA’s market reporting will resume:

  • Full versions of physical cattle, store cattle and sheep saleyard reports will be available (including muscle score, fat score, estimated carcase weight, estimated dressing percentage and skin values)
  • Cattle and sheep indicators will return: the Eastern Young Cattle Indicator (EYCI), National Trade Lamb Indicator (NTLI) and the indicator charts/tools/values across the MLA webpages will be updated. The EYCI Daily Summary report, Eastern States Daily Indicator (ESDI) report and Comprehensive Indicator report will also resume.

Actions underway to restore missing livestock indicator data

MLA is currently working on a method to close the missing data series of livestock indicators caused by COVID-19 related disruptions to market reporting between March and June 2020. The replacement data will undergo a comprehensive and rigorous assessment using historical data before being publicly released. A replacement to the missing data will enable the industry to examine livestock price trends and complete future market analysis without any missing data periods. MLA will advise if and when this data is available.

Back to News