Cattle Market Alert

AUSTRALIA - There was a mixed trend at physical markets covered by Meat and Livestock Australia’s NLRS with some affected by rain over the weekend having reduced throughput while other districts had some dry weather and as a result supply increased.
calendar icon 27 October 2010
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Meat & Livestock Australia

Yardings mixed

Most notably was Roma where numbers increased significantly after a dry weekend. Large consignments came from all over North Western and Central Queensland lifted numbers for the third largest yarding of the year.

On the other hand all other Queensland markets were down as were the Northern NSW selling centres of Tamworth, Gunnedah and Inverell.

Numbers were up in Victoria with Pakenham, Camperdown and Wodonga increasing, SA was down slightly with fewer cattle penned at Naracoorte. WA numbers were also down with fewer cows offered, as vealer weights and quality reportedly improved to record strong interest from local and interstate restockers.

Prices firm to cheaper

Buyers are expecting supply to pick up going forward, this combined with a tough trading environment for exporters has meant prices have generally eased at the physical markets with some categories holding firm. Price trends varied from market to market with supply and quality playing a factor.

The Eastern Young Cattle Indicator (EYCI) eased 4¢ from last week to settle at 362.25¢/kg cwt. The trade steer indicator was down 3¢ at 188¢ while feeder steers were 1¢ cheaper at 194¢/kg lwt. The Japan ox indicator was also down 1¢ to 179¢, while the medium cow indicator was 1¢ higher at 139¢/kg lwt.

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