Markets

NVLX Wodonga 1 Mar 2016: Northern demand fuels dearer trend

Leann Dax, March 2, 2016

Numbers lifted at NVLX Wodonga to 2,600, on the back of higher rates paid last week.

The northern push for cattle continued across most categories of well-bred stock, with heifers and heavy grown cattle the beneficiaries of dearer trends.

Heifers suitable to feed were keenly sought, by northern and local feedlots, with some buyers paying a premium for the Angus portion. Medium weight heifers 400-500kg lifted 5c selling at 283-302c/kg. Lighter weights ranged from 286-308c to average 299.2c/kg.

Repeat northern feeder lot orders kept steer prices firm. Steer suitable to feed on made from 292-327.6c/kg. The main run of 400-500kg steers averaged 311.4c/kg.

Vealer numbers increased and in odd sales prices spiked 5c higher for select butcher orders, to record a top price 344c/kg. Other sales ranged from 290 to 338c/kg. There was plenty of demand from processors, restockers and lot feeders for light weight vealers, with sales firming as the market progressed. Light weight vealers to restock and feed sold from 312c-337c/kg. Vealers suitable to feed on averaged 322c/kg.

Processors once again struggled to match feed lot rates for steers suitable to slaughter. The limited supply to the trade made from 302-325c lifting 4c/kg.

In the export market heavy grown steers were quoted by Meat & Livestock Australia 4c dearer topping at 310c to average 300c/kg. Heavy feeder steers competition was erratic and prices ranged from 285-317c/kg. The stronger demand for bullocks saw prices strengthen 4c/kg. Bullocks sold from 285-305c to average 292c/kg.

In the cow run not all buyers attended or participated, with leaner grades most affected. Heavy cows sold 1-2c easier making from 230-248c/kg. Lean plainer grades slipped 10c and more in places selling from 200-243c/kg.

HAVE YOUR SAY

Your email address will not be published. Required fields are marked *

Your comment will not appear until it has been moderated.
Contributions that contravene our Comments Policy will not be published.

Comments

Get Beef Central's news headlines emailed to you -
FREE!