Markets

NVLX Wodonga 21 Feb 2017: Varied trends in bigger yarding

Leann Dax, 22/02/2017

A mixed quality yarding of cattle at NVLX Wodonga created some varied price trends this week. The market showed gains on some categories, but losses on others in a bigger sized yarding of 1,900

The cattle market opened strongly for trade yearlings as the hot dry conditions across the region resulted in fewer finished cattle at all selling centres.

There was another round of good price gains of 8c/kg for trade steers. Grain finished steers ignited the bidding with a single steer recording a top price of 370c/kg. The bulk of the steers sold at 318- 358c/kg.

Domestic processors also had to step up this week as demand for the limited supply of grain finished heifers intensified. The top pen made out to 356c while the bulk of the offering averaged 319c/kg

The best price recorded for vealers was 351c/kg for medium weight vealer steers. The better finished milk calves were quoted 8-15c cheaper by the National Livestock Reporting service. European vealers and their crosses made from 331-345c/kg. Any lighter weight milk calves which lacked finish sold to feedlot buyers and restockers. Well shaped calves to feedlots ranged from 300-345c/kg. Veal returning to the paddock averaged $1188

Secondary steers suitable to feed on sold to varying price trends particularly steers less than 400kg. Lighter weight steers lacked the competition this week, which impacted on values. Well-bred lighter weight steers 330-400kg made from 300-345c slipping 15c/kg. Medium weight feeder steers 400-500kg sold to weaker local feedlot demand, with prices generally 5c easier selling from 310-340c/kg.

Secondary yearling heifers suitable to feed on were keenly contested which kept prices firm. Yearling heifers 330-400kg sold from 296-324c to average 315c/kg.

Export cattle sold to fluctuating price trends, with the supplementary fed portion benefiting from strong feedlot competition. A pen of supplementary fed steers estimated to weight 530kg sold to a feedlot for a top price of 352c, which pushed heavy steer feedlot rates 30c higher. The better finished bullocks to slaughter made from 280-316c to ease 3c/kg. A major processor was keen to secure the top end of the younger heavy grown steers 500-600kg which helped cement a floor in prices. Heavy steers sold 7c cheaper returning 285-330c/kg.

After steady price trends in past weeks the cow market lost some traction. Prices were in general 5-7c cheaper. Heavy well finished cows offering buyers weight and yield made from 233-247c/kg. Leaner grades ranged from 205-236c to average 224c/kg. Plainer cows sold from 167-200c/kg. Heavy bulls sold to weaker demand making from 242-260c/kg.

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