A significant lift in numbers impacted on price results. In a plainer offering cattle prices decreased, as the hot conditions continue to put supply pressure on the market. The bulk of the yearlings offered were secondary cattle however, some trade and heavy cattle were caught up in the cheaper trend. The few restockers that did operate had to battle against a boat order that helped keep a solid floor in one particular weight category.
Vealers numbers were limited and competition was steady, with well finished types selling from 245c to 265/kg. Trade heifer quality deteriorated noticeably and this was reflected in the cheaper trend of 18c/kg. Heifers suitable for the trade sold from 230c to 272c/kg Trade steers were few and competition was steady to average 279c/kg. Light weight weaner steers returning to the paddock sold from 216c to 310c, with the heifer portion averaging 227c/kg. The feeder steer and heifer market sold to erratic bidding, with the strongest competition from northern feedlots and a boat order. Feeder steers generally varied from 234c to 308c/kg. Feeder heifers weighing 330-400kg were keenly sought, at times making from 220c to 274c/kg.
Bidding for heavy grown steers was weaker, with processors shedding 11c on average off last week’s price to average 259c/kg. The limited supply of bullocks gained 9c, making from 240c to 264c/kg. The cow market sold to solid competition over all categories. Heavy cows topped at 226c to average 210c/kg. The D3 and D2 medium weight lines sold from 155c to 204c/kg. Store cows were well supplied, making from 145c to 200c/kg.
Click here to view the full report.