Australian Cattle Market Alert

AUSTRALIA - Widespread rain at the end of last week and follow up falls in some areas this week resulted in national cattle throughput at MLA's NLRS reported physical markets falling 21 per cent on the same time last week.
calendar icon 4 August 2010
clock icon 1 minute read
Meat & Livestock Australia

The vast majority of centres had lower numbers, with the biggest downturn in supply occurring in New South Wales (NSW). Northern NSW markets of Gunnedah, Inverell, and Tamworth were all substantially lower, particularly the latter two. The wettest July in many years has transpired into excellent seasonal conditions with good moisture profiles allowing folder crops to regenerate.

Victoria numbers were lower, however only Shepparton had a major decrease. Conditions remain wet and cold in many parts of the state with the main decline in numbers being grown steers, due partly to more being sold off early in the year at lighter weights.

There were some much dearer prices recorded for the very best quality young cattle in the saleyards, with highs of 240¢ at CTLX, 236¢ at Scone and 237¢/kg recorded at Pakenham for light vealers. Generally, vealer and yearling steers gained 10¢ to average in the mid 190¢/kg range.

The Eastern Young Cattle Indicator (EYCI) finished 4.25¢ higher than last week, at 363.25¢/kg cwt.

Export cattle were also dearer. Heavy grown steers and bullocks generally ranged from 182¢ to 186¢/kg. Cows so far this week made 140¢ to 148¢/kg for well conditioned lines.

TheCattleSite News Desk

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