Markets

NVLX Wodonga 17 Jan 2017: Quality plays role in mixed trends

Leann Dax, 18/01/2017

Cattle numbers lifted at NVLX Wodonga to 2200. Beef prices did show mixed trends this week, with quality a factor in some of the cheaper outcomes.

Buyers tended to be more selective when bidding for trade cattle and some prices for vealers softened from the high rates of the previous week. Well finished veal was unchanged, making from 330-358c/kg. Veal lacking finish made from 280-328c/kg.

Trade steers were limited and the better bred and finished types held their value, while secondary types sold mostly to feedlots. Trade steers to slaughter sold at 305-338c/kg.

Trade heifer quality was mixed and buyers were not willing to push rates. Medium weight trade heifers sold firm making from 298-320c/kg.

Lines of well-bred young steers continued to benefit from strong feedlot competition. The bulk of the secondary steers 400-500g gained 5c making from 307-347c/kg.

Feeder type heifers were in short supply and quality slipped. Heifers suitable to supply feedlots saw the greatest competition and price were up to 15c cheaper making from 280-320c/kg.

The best rates are being paid by restockers, with young steers returning to the paddock fetching 335-379c/kg.

Heavy grown steers and bullocks showed a slightly softer trend, with Angus steers continuing to support rates over the top quality pens. Heavy steers and bullocks sold firm to 2c easier making from 284-337c/kg.

Increased competition from a southern processors after a lengthy absence lifted prices 3c/kg. Heavy beef cows made from 242-258c to average 248c/kg. Leaner types sold at 205-248c/kg.

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