The NINO3.4 index is one of several El Niņo/Southern Oscillation (ENSO) indicators based on sea surface temperatures.
NINO3.4 is the average sea surface temperature anomaly in the region bounded by 5°N to 5°S, from 170°W to 120°W. This region has large variability on El Niņo time scales, and is close to the region where changes in local sea-surface temperature are important for shifting the large region of rainfall typically located in the far western Pacific.
An El Niņo or La Niņa event is identified if the 5-month running-average of the NINO3.4 index exceeds +0.4°C for El Niņo or -0.4°C for La Niņa for at least 6 consecutive months.
15:19 EST Editor's note: This story has been updated to clarify that the higher prices predicted by livestock agent Kevin Currie would be paid for dressed weight and not live weight bullocks, as was suggested in the original story.