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NVLX Wodonga 14 Nov 2017: Store market up on rain, trade demand more selective

by Leann Dax, 15 November 2017

The market at NVLX Wodonga was unable to hold its ground in a bigger yarding of 2400.

Different trends emerged for young cattle this week with domestic processors more reserved after last week’s shorter trading week.

Store cattle continued to attract premium rates on the back of rain and the prediction of more this week. Store steers jumped 20c topping at 378c to average 317c/kg cwt.

Bidding for trade cattle became more selective as pressure mounts with increased supplies at southern markets. Prices for trade steers fluctuated depending on the level of feedlot competition and domestic processor demand. Trade steers sold to erratic price trends at times and overall prices dipped 24c making from 258-305c/kg.

The main line of trade heifers 400-500kg sold to weaker demand. European heifers and their crosses attracted solid competition while on other pens bidding faded. The general run of heifers sold 15c cheaper to average 277c/kg.

Vealers rates slipped 15c with B muscled vealers making from 280-328c/kg. Veal lacking finish sold to feedlots making from 274-300c/kg. Veal back to the paddock sold at 278-334c/kg.

Competition from export and domestic processors for heavy steers and bullocks was lack lustre, with very few pens engaged in strong bidding. The bulk of the offering sold from 255-283.6c with bullocks averaging 272c/kg.

Feeder steers types were in short supply, with most selling from 270-296c, there limited feeder heifers and the few to feed lots made from 255-284c slipping 28c/kg.

Cows sold to sold lustre competition with prices falling 7-12c/kg.

Heavy cows made form 223-239c wih the odd sale to 246c/kg. Leaner types 180-223c/kg.



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