MLA cattle market wrap: 29 Jan 2014

Beef Central, 29/01/2014

Numbers retreat due to a short trading week

National cattle supply at markets reported by the MLA’s National Livestock Reporting Service slipped by 41pc, predominately due to the shortened trading week. With the exclusion of Toowoomba’s markets, Queensland’s supply dropped 58pc, coupled with a decline of 47pc at Roma store sale. NSW followed a similar trend with Wagga and Tamworth not operating, numbers declined 43pc, despite consignments increasing at Gunnedah and CTLX. Supply through Victoria dropped marginally by 10pc, while Naracoorte’s throughput in SA increased 7pc week-on-week. 

Secondary yearlings dominate throughput

Quality cattle are reportedly becoming harder to source through saleyards with the majority of yearling lines more suited to restocker and feeder buyers. Plain conditioned young cattle were a significant portion of throughput at Gunnedah and CTLX while plain conditioned cows were also in greater numbers. Restocker and feeder interest through Queensland increased at Warwick and Roma store, predominately due to the decline in consignments. Processors in Victoria remained selective as did restockers as another week of hot weather looms.

Prices improve as demand increases

At the conclusion of Tuesday’s markets the Eastern Young Cattle Indicator (EYCI) averaged 283¢ up 175¢/kg cwt week-on-week. The trade steer indicator increased 3¢ compared to last week on 170¢, while the medium steer indicator jumped 12¢ to finish on 160¢/kg. Medium cows averaged 102¢, while feeder steers averaged 159¢/kg lwt.

Source: Meat & Livestock Australia


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