Cattle market alert

AUSTRALIA - Season dictating supply
calendar icon 28 February 2007
clock icon 1 minute read
Throughput at MLA’s NLRS reported saleyards fell only slightly, with changes at each individual saleyard depending on seasonal conditions locally. There has been patchy rainfall in throughout parts of the eastern states, and with preceding warm weather assisting pasture grown.

Supply in northern Queensland has been sufficient compared to the previous few weeks, with greater numbers now becoming available. The resumption of the Longreach sale occurs today. With a good season now being experienced in central Queensland restocker interest is anticipated to continue to be strong.

There remains a fair amount of young cattle in the market, with producers that are selling at present either being forced to offload stock due to water and feed constraints, or selling as they are ready for sale.

Young cattle rates solid

The benchmark Eastern Young Cattle Indicator (EYCI) gained 7¢ from last Tuesday to its highest point since the start of October, at 327.5¢/kg cwt.

Export rates were dearer, with the Japan Ox indicator gaining 1¢ while the US cow indicator rose 6¢, to finish at 176¢ and 127¢/kg respectively.

Over the hooks (OTH) cow rates again lifted in all states except WA and Tasmania, with most categories either firm or dearer.

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