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.
1 November 2010
1 minute read
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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