Cattle Market Alert: Supply Recovers
AUSTRALIA - National cattle supply rebounded six per cent at markets, reports Meat and Livestock Australia's National Livestock Research Service.
20 July 2011
1 minute read
Cattle throughput lifts
Yardings overall appear to have settled at the traditional lower winter levels, however national throughput is down 17 per cent in comparison the same period in 2010.
Queensland supply dropped eight per cent as the majority of markets penned a limited amount of cattle, apart from Roma where a large run of store cattle from a single vendor boosted throughput. NSW consignments were 16 per cent higher as Gunnedah, Tamworth and Wagga expanded, while all Victorian markets contributed more cattle. SA supply jumped 66 per cent as additional cattle were turned off in the North, while Western Australia yardings were close to unchanged.
Prime trade cattle supplies have dwindled in recent weeks, with the cold nights and short days affecting finish. This has left a greater amount of feeder and restocker cattle. Grown cattle are tight in supply, although their condition has generally been fair.
Young cattle prices rebuildAfter Tuesday's markets the Eastern Young Cattle Indicator (EYCI) was 3.25¢ higher, settling on 378.75¢/kg cwt - the highest level since mid June. The trade steer indicator was 4¢ cheaper on 210¢, while feeder steer prices held firm on 202¢/kg lwt. Heavy steers gained 2¢ - to 176¢ and medium cows finished 1¢ higher on 135¢/kg lwt.
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