Markets

NVLX Wodonga 24 May 2016: Buyers pull back on younger cattle

Leann Dax, 25/05/2016

In a smaller yarding at NVLX Wodonga of 838 cattle buyers pulled back the higher prices paid for young cattle last week, with most trade categories showing softer trends.

A downward trend hit trade steers; a fall by up to 7c was recorded due to the plainer quality. Grass finished steers lacked cover and yield with buyers shifting their attention to the supplementary fed portion. The better finished steers made from 298-320c/kg.

Trade heifers 400-500kg rates were more consistent making from 284-314c/kg, however prices did ease 3-4c/kg.

Vealers were in short supply and buyers pushed prices 4c higher to secure the well finished calves, while veal lacking finish sold a few cents cheaper. Vealer sold at 293-347.2c/kg. Vealers selling to restockers and feedlots ranged from 270-328c/kg.

Well-bred secondary steers were keenly sought by feedlots and prices lifted by 4c with stronger bidding from a local feedlot. Medium weight feeder steers sold at 290-330c/kg.

Heifers suitable to feed on were in limited numbers and not all feedlot buyers operated contributing to a cheaper trend of 4c/kg. Lighter weight heifers made from 270-314c/kg.

Heavy grown steers and bullocks were in limited numbers distorting some price results. Heavy steers sold 3c dearer making from 290-311c, while there were too few bullocks to quote. The few bullocks sold, made from 280-296c/kg.

There was increased buying competition in the cow market and this helped drive rates for beef cows up to 10c/kg higher, topping at 255.2c to average 244c/kg. Leaner grades sold from 195-247c/kg. Store cows were once again keenly contested selling from 160-206c/kg.

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