Markets

NVLX Wodonga 16 Aug 2016: Price trends mixed

Leann Dax, 17/08/2016

Price trends were mixed at NVLX Wodonga, with export steers the most affected. Agents penned a similar sized yarding of just over 1,300 cattle and quality was generally mixed throughout each agents run.

After some remarkable weeks the heavy steer and bullock market lost momentum with prices slipping 9c for heavy steers 500-600kg. The better finished younger steers made from 330-361c/kg. The trend was similar for bullocks, with prices back 10c/kg. Bullock numbers were limited and prices ranged from 310-356c/kg.

Heavy grown heifers attracted all buyers and prices were significantly dearer, with the better shaped younger heifers 500kg plus making from 330-349c/kg.

Bidding for trade steers was more stable although prices did spike for the supplementary fed portion. Medium weight trade steers 400-500kg fetched from 355-398c a dearer trend of 6c/kg. The heifer market lacked the intensity of previous weeks, with prices slipping 10c/kg. Heifers 400-500kg ranged from 338-367ckg.

Vealer were in short supply which caused prices to lift 9c/kg to average 386c/kg

Despite the cheaper trend over some classes, restocker competition remained solid, with well-bred secondary cattle mostly unchanged. There was a few store orders in place and well-bred steers returning to the paddock 330-400kg made from 364-390c to average 382c or the equivalent of $1411. The leading pens of Angus secondary steers less than 300kg sold to spirited bidding selling at 350-386c/kg.

There were fewer feedlot orders in place and limited supplies of well-bred secondary steers, which caused prices to fade 9c/kg Medium weight steers ranged from 348-385c, while the lighter weights fetched 360-390c/kg.

Secondary heifers to feed-on held their values making from 344-375c/kg.

Cows slipped 4-7c/kg with leaner grades showing the bigger decrease. Heavy cows topped at 292c to average 281c/kg. Prices fluctuated over leaner grades with the better types making from 235-275c/kg. Good quality bulls sold 5c dearer ranging from 251- 288c/kg.

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