Cattle Market Alert: Quality Picking Up

AUSTRALIA - Quality is picking up and national cattle yardlings were up two per cent, according to the latest cattle market alert from Meat and Livestock Australia (MLA).
calendar icon 26 October 2011
clock icon 1 minute read
Meat & Livestock Australia

Cattle numbers plateau

National cattle yardings at physical markets as reported by MLA's NLRS lifted two per cent above last week and numbers remain similar to this time last year.

Queensland throughput fell eight per cent as Roma supplies dropped and yardings across NSW were mixed, although overall numbers were stable.

Victorian supplies increased 23 per cent after numbers were stronger at Pakenham and Shepparton. Cattle yardings were firm in SA, while numbers were stable in WA.

Quality picking up

The warmer weather has transpired to better quality cattle, with young cattle generally displaying the signs of the better seasonal conditions. Trade cattle numbers have improved, yet a fair amount of secondary lines have been turned off - given the strong store demand. Export cattle are in excellent condition and numbers have increased lately.

EYCI resilient

Young cattle prices continue to hover in the 390¢ to 400¢/kg cwt range and were marginally stronger due to increasing competition between feeder and restocker orders.

After Tuesday's markets the Eastern Young Cattle Indicator (EYCI) was 3.5¢ higher for the week on 399¢/kg cwt.

The trade steer indicator was 2¢ dearer on 213¢ and feeder steers climbed 3¢ -to 215¢/kg lwt. Heavy steer prices were firm on 195¢ and medium cows finished 1¢ lower on 152¢/kg lwt.

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