Markets

NVLX Wodonga 18 Oct 2016: Prices buckle under spring surge

Leann Dax, 19/10/2016

In a bigger yarding at NVLX Wodonga of just over 2000 cattle prices buckled. The spring surge of yearling cattle has started to come onto the market giving processors more control and choice.

Trade heifers were well supplied, with some heifer’s showing the effects of the spring conditions. The main run of medium weight heifers sold 27c cheaper making from 300-350c to average 321c/kg. Lighter weight heifers were 17c cheaper averaging 339c/kg,

It was a similar price correction for trade steers, with the bulk of the steers dipping 22c/kg. Medium weight trade steers consistently sold from 340-362c, with a single isolated sale of supplementary fed steers topping at 395c/kg.

There were fewer steers suitable for feed lotting and prices were 17c cheaper than we have recently seen. Agents said feedlot prices were realigning with prime sales. Feeder steers had a bigger than usual price spread of 329-389c/kg.

Feeder heifers were in demand, but at cheaper rates, with prices wound back 15c/kg. Heifers 330-400kg sold from 310-357c/kg, with the well-bred Angus portion paid premium prices.

In The vealer market numbers lifted and quality was quite good with a lot more weight in the offering. The best of the vealers sold to a top of 418c with the balance making from 300- 396c/kg, which equated to a cheaper trend of 15- 25c/kg.

Heavy steer and bullock numbers lifted substantially and the market showed processors were on a price, with most sales lacking the intensity of past weeks. The best price recorded was 340c for heavy steers, with the general run averaging 317c/kg. Bullocks sold 33c cheaper fetching 296-325c/kg.

Cow numbers increased with just over 900 penned. Not all processors operated fully and bidding fluctuated. Weaker demand saw prices wound back overall categories 10-15c. Heavy cows sold at 240-260c averaging 245c/kg. Leaner cows sold from 222-268c/kg.

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