Quality continues to be mixed and restockers provided plenty of competition on young light weight yearling steers, with average prices improving by 6c/kg.
Prices reduced by a further 10c to 12c/kg on the yearling steers however a large part of this reduction was a direct result of the quality presented.
The supply of stock experienced a small reduction and overall quality was fair to good, however the large runs of well-bred light weight young cattle at the previous week’s sale were absent.
Restockers and feeder operators took advantage of the well-bred lines of yearling steers and lifted average prices by 5c to 8c/kg. A similar trend developed on the yearling heifers with most making 12c to 18c/kg above the previous weeks averages.
The first store sale for the New Year attracted a small yarding and overall quality was good to useful with some excellent lines included in the line-up. Isolated falls of rain across parts of the supply area encouraged a large number of restockers and backgrounders into the market.
It was a modest yarding of store cattle for the final sale of the year. Quality varied from plain to good with cattle drawn from across western Queensland.
Yarding numbers jumped 39% as extreme hot weather prevailed across much of western Queensland.
A few consignments were yarded from north west Queensland properties. Restocker and feedlot buyer demand increased with NSW buyers lifting demand for suitable light and medium weight feeder steers
Good numbers of restocker buyers were keen to secure light weight yearling steers, while solid competition continued between restocker, feedlot, and NSW processor buyers for light weight yearling heifers.
All the usual restocker buyers were at the sale and were more selective when buying. Extra feedlot buyer competition lifted medium weight yearling steers prices by 13c/kg, while heavy weight yearling steers to feed held firm in price.