Markets

NVLX Wodonga 17 Oct 2017: Trade prices lift

Leann Dax, 18/10/2017

This week’s offering of just over 1900 cattle at NVLX Wodonga increased by 400 head.

Quality across trade and export categories was very good; with good supplies of top quality domestic trade cattle, of which some pen lots were grain fed.

Trade prices lifted as more buyers were intent on competing for a market share on all the better finished lines. Young steers suitable for the trade generally experienced a 7c rise, although there were times where plainer conditioned stock struggled to attract solid competition.

European steers and their crosses commanded the better trade prices and steers 400-500kg generally made from 280- 302c averaging 292c/kg. Medium weight trade heifers were in better conditioned, which contributed to a rise in demand from processors at times through the sale. The better finished lines sold from 266-288c to average 273c/kg.

Vealers were in shorter supply and at the top end quite a few pens made from 300-322c/kg. The better price rates however were for select pens which suited domestic orders. Most veal ranged from 278- 300c/kg. Vealers that lacked finish sold to restock and feed orders making from 285c to 322c/kg.

Solid feedlot competition saw secondary heifer and steer prices firm. Lighter weight feeder heifers 330-400kg to feed on made from 272-280c/kg. Secondary steers lifted in quality and demand with prices jumping 9c to average 285c/kg.

Prices were strong for Heavy grown steers 500-600kg in a bigger offering than the previous sale. Heavy steers were up to 5c dearer as processors scramble to fill their orders. Most of the better finished younger steers made from 270c-294c/kg. Bullock quality was good and buyers paid up to 7c more than the previous sale to average 286c/kg.

Cow numbers were steady with agents offering just over 490 head. Despite two southern processors purchased the bulk of the offering prices lifted 5-9c/kg. Heavy cows made from 226-245c to average 235c/kg. The better leaner types fetched 212.235c/kg. Heavy bulls topped at 270c/kg.

HAVE YOUR SAY

Your email address will not be published.

Your comment will not appear until it has been moderated.
Contributions that contravene our Comments Policy will not be published.

Comments

Get Beef Central's news headlines emailed to you -
FREE!