MLA: Tuesday Daily Livestock Summary

AUSTRALIA – Saleyards were active after a rain delay with trade and feeder steers dropping 3-4 cents and heavier steers showing lift of six cents on Tuesday, according to market analysts at Meat and Livestock Australia.
calendar icon 5 February 2013
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Meat & Livestock Australia

Numbers increased at Toowoomba and quality was mixed. Light weight yearling steers to restockers lifted 13¢ to average 191¢, while light weight yearling heifers to slaughter were 10¢ higher on 167¢/kg. Bullocks to slaughter were 2¢ dearer on 189¢, while heavy weight cows to processors were 7¢ higher on 154¢/kg.

Yardings lifted at Tamworth and restocker and feeder buyers were active after the rain. Mediumweight vealer steers averaged 195¢, while light weight yearling steers to restockers sold from 179¢ to 189¢/kg. Medium weight yearling heifers to feed settled on 170¢/kg. Medium weight grown steers to feeder buyers averaged 162¢, while medium weight cows to slaughter sold to a top of 139¢/kg.

Numbers lifted considerably at Wagga and there were increased numbers of secondary lines suitable for restockers and feeder buyers. Medium weight vealer steers to restockers averaged 189¢, while heavy weight yearling steers to feeder buyers sold 18¢ higher on 175¢/kg. Medium weight yearling heifers to feed were 20¢ dearer on 161¢, while heavy weight yearling heifers lifted 17¢ to 158¢/kg. Heavy weight grown steers to slaughter increased 17¢ to 170¢, while heavy weight cows to processors lifted 17¢ to 130¢/kg.

Market Conclusions

At the close of Monday’s markets the Eastern Young Cattle Indicator was on 327.50¢/kg cwt. Trade steers decreased 4¢ to 182¢, while feeder steers lost 3¢ to 175¢/kg lwt. Medium steers lifted 1¢ to 151¢, while heavy steers gained 6¢ to 169¢/kg lwt. Medium cows were 2¢ lower on 125¢/kg lwt.

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