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NVLX Wodonga 16 Jan 2017: Market hits a wall

by Leann Dax, 17 January 2018

The cattle market at NVLX Wodonga hit a brick wall as the pressure of weakening competition wiped significant money off some classes of cattle.

There was a sharp price decline of 20c for medium weight feeder steers as feedlot competition fell away. Feeder steers 400-500kg made from 258-308c/kg.

Feeder heifers were the only category to go against the cheaper trend with 330-400kg heifers lifting 7c to average 274c/kg.

There was reasonable numbers of vealers and quality was mixed, with some showing the effects of the hot conditions. Vealers sold up to 10c cheaper with the heifer portion wearing the brunt of the cheaper trend. European vealers and there crosses sold from 260-308c/kg.

Yearling trade heifers were down by 8c despite stronger competition from some feedlots. The main run of heifers to the trade sold from 230-269c/kg.

The National livestock Reporting Service (NLRS) noted there was not as much competition for trade steers 400-500kg amongst processors which caused a price fall of 7c/kg. The few steers which did sell to the trade made from 256-264c/kg.

In the export market corrections were not as dramatic with price easing back 1-6c/kg. Heavy steers slipped 1c selling at 244-268c/kg. Heavy bullocks sold to fluctuating prices with two extra processors bidding on select pens. Bullocks fell 6c making from 250-264c/kg.

There was fluctuating competition from buyers with some very selective when bidding. Heavy cows dipped 4c making from 192-212c/kg. Leaner grades met with a head wind and price slipped 10c and more in paces. Leaner types sold from 179-207c/kg. Plain cows made from155-177c/kg. Dairy cows sold 20c cheaper making from 162-189c/kg. Bull prices softened 20 c with the better shapes making from 210-247c/kg.



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