Massive Throughput Lift Lowers Cattle Value, Friday19 August 2013
AUSTRALIA - Supply at Roma, Dubbo and Bairnsdale stepped higher on Friday, report market analysts at Meat and Livestock Australia.
Consignments at Roma prime increased 13 per cent week-on-week, with most cattle drawn from the local area, and the majority of cows in good condition, write MLA experts.
Heavy weight C4 grown steers to processor orders were 14¢ dearer, ranging from 163¢ to 170¢, while light C3 grown heifers sold to slaughter between 122¢ and 138¢/kg. Heavy D4 beef cow grades ranged from 118¢ to 133¢, to be 2¢/kg dearer.
Numbers at Dubbo rose 61 per cent this week, with large numbers of grown cattle off crop and a good selection of trade cattle offered. Heavy C3 yearling steers sold 2¢ higher to processors on 195¢, while the equivalent heifer portion eased 11¢, to average 172¢/kg. Heavy C4 grown steers to slaughter were unchanged on 190¢, and heavy D4 cows to processors remained firm, to average 146¢/kg.
Cattle supply at Bairnsdale almost doubled from last week, with a smaller field of buyers present for a mixed quality yarding and varied market. Heavy D3 yearling steers to slaughter sold from 165¢ to 197¢, while the equivalent heifer portion eased 2¢, to average 181¢/kg. Heavy D3 grown steers sold 6¢ dearer to slaughter on 190¢, and heavy D3 cows to processor orders averaged 162¢, up 3¢/kg.
At the close of Thursday’s markets the Eastern Young Cattle Indicator (EYCI) was back 0.75¢, finishing on 323.50¢/kg cwt. Trade steers sold 1¢ cheaper on 196¢, and medium steers were 3¢ dearer, to average 170¢/kg. Feeder and heavy steers both remained unchanged on 179¢ and 184¢, respectively, while medium cows rose 1¢, to average 132¢/kg.TheCattleSite News Desk