Market Throughput Declines 20 per cent

AUSTRALIA - Meat and Livestock Australia reported market throughout was a fifth down due adverse weather and trade prices lifted a cent/kg on Tuesday.
calendar icon 6 December 2012
clock icon 2 minute read
Meat & Livestock Australia

Throughput on the slide

Total national throughput at markets reported by MLA’s NLRS declined 20 per cent in comparison to the same period last week as all states yarded less cattle, said Meat and Livestock Australia .

Queensland slipped 17 per cent as numbers at Roma store reduced, due to scattered showers restricting some transports. Morton and Toowoomba were the only selling centres to yard more cattle, up 31 per cent and 9 per cent respectively.

NSW was back 25 per cent as all markets recorded less numbers. Gunnedah reported the largest decline of 48 pe cent, while CTLX, Forbes and Tamworth reduced 12 per cent to 15 per cent. Less yearling trade cattle were offered at Wagga as consignments dropped 18 per cent. Victoria’s throughput was reduced by 22 per cent with Pakenham and Wodonga yarding fewer cattle. SA’s total fell 28 per cent , while WA lifted 28 per cent.

Unfinished lines dominate

Quality remains plain across the majority of physical markets, with young cattle feeling the effects of the dry spring season. However there are reports of some better quality supplementary fed cattle available at Forbes, Pakenham, Inverell and Scone albeit in limited numbers. The usual buyers were present an operating at most markets although restocker and feeder buyers continue to be selective in their purchases.

Prices mixed

At the conclusion of Tuesday’s markets the Eastern Young Cattle Indicator (EYCI) was relatively unchanged on last week’s level of 332¢/kg cwt. The trade steer indicator was up 1¢ to 182¢, while feeder steers lifted 2¢ to 179¢/kg. Medium and heavy steers slipped 2¢ to 166¢ and 173¢ respectively. The medium cow indicator eased 4¢ to 125¢/kg.

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