Queensland Cattle market alert
AUSTRALIA - Many selling centres in Queensland had their final sale for the year last week with most other centres wrapping up until the New Year this week. Most saleyards had reduced yardings, with areas where processor buyers were likely to be absent receiving significantly reduced offerings whilst there were surprisingly solid numbers at Pakenham, Shepparton and Camperdown in Victoria.
21 December 2006
1 minute read
Overall supply at MLA’s NLRS reported saleyards was 38% lower, with numbers likely to decline as the week progresses as vendors were more likely to sell earlier in the week to meet processor demands for the limited kill space left before public holiday and maintenance closures.
The majority of sales will recommence in the first week of January, with most central and northern Queensland markets likely to resume a week or two after. Processor maintenance closures in most states will be the main factor behind competition, although lotfeeders will still be active and any decent rainfall will entice restockers into the market to enhance demand.
Young cattle prices steady
The Eastern Young Cattle Indicator (EYCI) lifted 1.75¢ after Tuesday sales to finish at 281.5¢/kg cwt. The feeder steer indicator slipped 4¢ from the same time last week and the trade steer indicator was 3¢ lower, finishing at 154¢ and 159¢/kg respectively. The EYCI finishes on Wednesday 20th December and recommences on Monday 8th January.
Japan Ox dropped 15¢ to stand at 145¢ with the US cow indicator slipping 1¢ to finish at 93¢/kg. A clearer indication of the direction of prices for export cattle will come when most markets and processors recommence in mid January.
TheCattleSite News Desk
