Markets

NVLX Wodonga 24 Jan 2017: Processor, feedlot demand eases

Leann Dax, 25/01/2017

Cattle prices continued to ease in a similar sized yarding of 2,220 at NVLX Wodonga.

Bidding from processors and feedlots were at lower levels, however hotter weather didn’t slow restocker demand in the fair to good quality offering.

Export steers were most affected by the cheaper trends, with prices corrections of 7-10c/kg. Heavy steers sold from 285-332c, while bullocks sold at 285-318c/kg.

Trade heifer demand was patchy at times but prices held on well despite the plainer quality. The bulk of the medium weight trade heifers 400-500kg sold 5c cheaper making from 296-315c/kg.

The average price for trade steers slipped by 5c, with most steers suitable for the trade purchased by local feedlots. Trade steers made from 300-345c/kg.

The bulk of the yearling steers 400-500kg sold to feedlot orders at an average of 331c down 5c/kg.

Impressive results were recorded in the vealer market, with isolated sales of very good veal to 369.2c/kg. A number of veal entering the market are showing the effects of the hot weather and sold down to 300c/kg.

Feeder type heifers were limited which helped push prices 6c higher. Lighter weight feeder heifers made from 296-325c/kg.

There was increased store order competition from the north and south and restocker type steers and heifers sold very well. Steer vealers lacking finish and purchased by restockers averaged 350c/kg for 330kg the equivalent of $1155 per head.

The cow market showed solid price trends for heavy cows with good support from southern processors. Heavy well finished cows were unchanged making from 244-258c/kg. Leaner types eased 3c selling at 215-248c/kg.

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