First signs of market stabilisation in 15,116 head online market

Beef Central, 13/03/2023

From Moonie, Queensland, this line of 62 Santa steers 6-8 months averaging 245kg returned $1370/head, or 558c/kg. A further 53 lighter sisters 236kg made 467c/kg or $1100.

LISTINGS in AuctionsPlus weekly commercial cattle sales were down three percent last week to 15,116 head.

Green ink made a return with many categories flat or better, as the first signs of price stabilisation appear in the market.

The tropical low currently bringing significant rain to parts of northwest Queensland and the prospect for it to move into southeast Queensland has spurred improved demand from Queensland buyers. Listings in Queensland registered an average value over reserve of $170 and a 51% clearance rate – much higher on both fronts than the national listings ($96 and 41%) or Angus listings ($94 and 46%).

Steers weighing 200-280kg lwt registered 1,492 head and averaged $1,243/head – up $16 on last week for a 44% clearance rate. From Moonie, Queensland, a line of 62 Santa Gertrudis steers aged 6-8 months old and weighing 245kg lwt returned $1,370/head, or 558c/kg lwt. A further 53 lighter sisters 236kg made 467c/kg or $1100.

Listings of heifers weighing 200-280kg lwt increased to 1,309 head and averaged $1,029/head – up $24 on last week and reaching a 49% clearance rate. From Glenburn, Victoria, a line of 55 Angus heifers aged 6-7 months old and weighing 234kg lwt returned $1,100/head, or 470c/kg lwt.

Breeding females

Breeding stock listings increased by 10% this week, while results were mixed across average prices and clearance rates. PTIC heifer listings dropped back to 2,236 head and averaged $2,138/head – up $69 on last week, although clearance rate fell to 14%. From Tarcutta, NSW, a line of 27 Angus PTIC heifers aged 19-20 months old and weighing 451kg lwt returned $2,140/head.

PTIC cow listings increased to 1,602 head and averaged $1,671/head – down $127 on last week for a 43% clearance rate. From Tooma, NSW, a line of 23 Angus PTIC cows aged 3-5 years old and weighing 441kg lwt returned $1,890/head.


Prices as at 2pm Friday 10 March.


Source: AuctionsPlus






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