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Australian Cattle Prices Ease

17 October 2014

AUSTRALIA – Cattle prices eased in Australia this week despite some major saleyards seeing lower throughput.

The Eastern Young Cattle Indicator eased 1.5 cents to settle at 362 cents/kilo cwt. Steers eased two cents to average 192 cents and medium steers were firmer at 195 cents per kilo cwt.

Feeders were back a cent, heavy steers dropped 3 cents to average 203 cents and 199 cents respectively, reports Meat and Livestock Australia.

Cows dropped two cents to 158 cents/kilo.

Quality was good overall but some cattle lacked condition from further west.

Markedly lower consignments more than halved at Roma prime market and Bairnsdale to 627 and 342 respectively.

An MLA spokesperson said: “With solid rain across the supply region and a recent weakening demand for prime cattle, consignments to Bairnsdale were back 58 per cent.”

A smaller buying groups meant weaker demand at Roma, although lower prices at Bairnsdale came from the usual buying group.

Dubbo yarded five per cent fewer cattle at 7,600 head.

 

TheCattleSite News Desk



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