Cow Pices Rebound On Lower Numbers

AUSTRALIA - An 18 per cent fall in the number of cows yarded at MLA’s NLRS reported physical markets this past week saw cow prices recover some of their losses from recent weeks.
calendar icon 1 November 2010
clock icon 1 minute read
Meat & Livestock Australia

Meat and Livestock Australia analysts said that despite tough export conditions, with the Australian dollar averaging 98US¢ over the week, processors were forced to pay higher rates to secure suitable cattle.

National medium weight D2 cow prices were firm, at 118¢, while D3 pens gained 3¢ to sell around 140¢/kg lwt.

Heavyweight cows improved 2-3¢ as D3 lots averaged 140¢ and D4’s sold around 148¢, after reaching as high as 165¢/kg lwt.

Dairy cows also improved, with medium weight D2’s gaining 5¢ to average 130¢ and heavyweight D2’s 3¢ stronger at 141¢/kg.

Restockers were also active on suitable lines, accounting for 9% of cow purchases nationally. They paid an average of 131¢ for medium weight D2’s and a top of 148¢/kg, 9 per cent above processor rates.

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