Markets

NVLX Wodonga 23 Feb 2016: Northern processors and feedlots active

Leann Dax, February 24, 2016

Numbers were similar at NVLX Wodonga with 2,200 penned and once again northern processors and feedlots had the greater influence over most categories.

Well finished vealers benefited from the high prices paid by feedlots for yearling steers and heifers, when processors were unable to match the higher rates. Domestic buyers were forced to shift their attention to the better finished veal, which jumped prices 10-12c/kg.

Fresh high yielding vealers sold from 300 -339c/kg.

The sale had fewer well finished trade cattle which sold to solid demand. Medium weight heifers sold firm to a few cents cheaper, with plainer types causing the cheaper trend in places. There were in sufficient numbers of trade steers to quote the few steers which did sell to the trade 400-500kg sold at 292-312c/kg. Medium weight heifers suitable for trade were keenly sought by both feedlots and processors. Heifers to kill made from 276-297c/kg. Secondary steers along with trade steers needing more finish were

Secondary steers along with trade steers needing more finish were aided by solid feedlot demand, which lifted prices 6c/kg for the lighter weights. Medium weight steers 400-500kg were unchanged topping at 328c to averaged 310c/kg. Feeder heifer quality was mixed and prices were firm to a few cents cheaper. Heifers 330- 400kg sold from 274c to 302c/kg.

Restockers didn’t hold back for lighter weight steers, with prices increasing 5c/kg. Well-bred lines of Angus steers ranged from 305- 317c/kg to average $938.

In the export market competition was strong as the market reacts to the tightening supplies at all selling centres. Domestic and export buyers paid an average of 293c/kg for steers weighing 500-600kg.

The feeder steer portion lifted 17c with a Queensland feedlot pushing prices higher to average 311c/kg. Heavy bullocks were well supplied with aged steers discounted to a low of 266c/kg. The younger bullocks sold from 270-298c/kg.

Hot weather effected cow numbers this week, with numbers dropping to 810. Quality slipped noticeably to the previous market.

Heavy cows eased 2c selling at 231-251c to average 240.9c/kg Leaner grades sold to fluctuating price trends to sell 4-11c cheaper The better types made from 196-243c/kg. Heavy bulls ranged from 248- 274c/kg. Heavy bulls ranged from 248-274c/kg.

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