Markets

NVLX Wodonga 15 March 2016: Rise rise in reduced offering

Leann Dax, 16/03/2016

On the back of cheaper trends Monday in NSW, Wodonga NVLX penned a reduced offering of only 1,341 cattle.

Once again the shortage of domestic and export cattle gave the market some momentum with prices improving by as much as 5c/kg for yearling trade cattle. Most of the secondary lines were purchased by a smaller group of feedlot buyers.

The limited supplies of well finished cattle continue to set alight bidding amongst domestic processors, with yearling steers and heifers to slaughter selling 5c higher. Medium weight trade heifers supplementary fed topped at 314c, with sales generally ranging from 274c to 304/kg. The limited supplies of grass finished and supplementary fed trade steers sold at 298c-324c lifting 5c/kg. The mixed prices for plainer cattle meant overall secondary cattle to the trade averaged around 280c similar to last week.

Vealers were in limited numbers and the better finished pens were 2c-6c cheaper topping at 326c/kg. Other sales of veal fetched 290-324c/kg.

Secondary light weight steers struggled to find solid support from feedlots. Consistent prices of 280-316c/kg for steers weighing 330-400 kg meant feedlot prices were generally 6c/kg lower. Medium weight steers to feed-on sold to patchy competition to average 297c/kg.

Strong local lot feedlot competition pushed weaner and yearling heifer prices to 306c/kg. The bulk of the secondary heifers to place on feed sold from 278- 304c, with the lighter weights 330-400kg averaging 301c/kg.

Heavy grown steers and bullocks were in limited supply and quality was mixed to previous weeks. Heavy steers found solid competition the better finished milk ant two teeth pens selling from 285-303c/kg.   Heavy bullocks sold unchanged making from 270-296c/kg.

There were only 301 cows penned and quality slipped with many lines lacking yield. Due to lack of numbers bidding was stronger with prices 4-8c dearer. Heavy beef cows made from 222c-246c, while leaner grades sold at 185-230c/kg.

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