Australian Cattle market alert
AUSTRALIA - With the return of Monday sales and the onset of cooler temperatures, numbers at MLA’s NLRS reported saleyards were 70% higher than the same period last week. There was a large yarding at Wagga and the northern NSW markets of Gunnedah, Tamworth and Inverell all experienced high throughputs.Quality has been very mixed, with increased numbers of unfinished vealer and yearling heifers suitable only to restockers entering the market and less prime grades. Processors exerted solid demand on any well finished lines, although in many places these were in limited supply.
Rainfall has been predominantly coastal, with the Hunter Valley and Southern Tablelands of NSW beneficiaries. Cold temperatures have set and is the main influence on stock quality and selling decisions at present.
Erratic price trend
With the return of all markets after the shorter trading week, price changes tended to be erratic from centre to centre and even between categories at most sales.Yearling steers to the trade were slightly dearer, with the Eastern States trade steer indicator up 1¢ while the feeder steer indicator dropped 2¢ - settling at 192¢ and 181¢/kg respectively. The Eastern Young Cattle Indicator (EYCI) gain 0.5¢, to settle at 336.25¢/kg cwt.
The Japan ox indicator was 3¢ higher at 176¢ and the US cow indicator slipped 3¢ to 128¢/kg.
TheCattleSite News Desk