Markets

NVLX Wodonga 1 Aug 2017: Prices ease for typical winter offering

Leann Dax, 02/08/2017

Cattle numbers dropped again at NVLX Wodonga with only 630 prime cattle and 550 cows. It was a typical winter offering with quality plain to very good across the pens of supplementary fed stock.

Cattle prices continued to ease with bidding from processors, feedlots and restockers at lower levels. Uncertainty appeared to slow store buyer demand which in turn eased the pressure on feedlots and domestic processors over light weight categories.

The trade market struggled to find its legs as processors backed away from competition resulting in further price corrections across most categories.

In the vealer section only the very best European vealers met with support, overall rates dipped 17c/kg. Vealer sold from a wide price spread of 280-350-c/kg.

The best presented pens of supplementary fed steers struggled to find competition. In general medium weigh trade steers fell 17c, with well finished steers making from 300-330c/kg. Trade heifers were better supported and eased by only 5-8c/kg selling at 272-322c/kg.

There was also some noticeable price corrections recorded for heavy steers and bullocks. Rates fell on average 7-10c, with the better finished steers making from 270-300c/kg.

In the cow market all weights and grades were represented. The market softened 4c with two processors buying the bulk of the offering. Heavy cows sold at 223-252c/kg. D3 medium weight lines made from 204-236c/kg. Dairy cows sold to erratic demand making from 184c to 227c/kg. Best bull topped at 287c/kg.

 

 

 

 

 

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