NVLX Wodonga 25 Oct 2016: More numbers ease pressure on buyers

Leann Dax, 26/10/2016

In a smaller yarding of 1640 at NVLX Wodonga cattle prices fluctuated as more numbers of finished cattle came forward into selling centres, enabling buyers to back away from last week’s rates on some categories.

The greatest competition was for the good quality offering of vealers where a top price of 407c/kg was recorded. The main run of vealers sold either side of firm making from 320-400c/kg.

While trade prices have become cheaper in the past two weeks, the better finished and well-bred steers and heifers, with plenty of shape held their value best, with odd sales equal to last week’s prices.

Medium weight trade heifers 400-500kg sold firm to a few cents dearer in places, making from 300-355c with a single sale to 382c/kg. The greatest competition was for European cross steers which suited major domestic processors. These steers sold to high of 370c while other sales ranged from 320-362c/kg. A pen of lighter weight supplementary fed steers reached a top price of 380c/kg

Producers are still showing willingness to pay for store cattle with prices mostly unchanged. Lighter weight steers returning to the paddock sold at 320-386c/kg.

There was not the depth in feedlot activity however this didn’t have any adverse effect on some categories, with lighter weights lifting 8c making from 340-362c/kg. Medium weight steers 400-500kg sold 8c cheaper fetching 312-360c to average 343c/kg.

Heifers suitable to feed-on were limited and the leaner well-bred types equalled last week prices making from 322-343c/kg.

In the heavy export run exporter processors lowered prices in response to weakening markets overseas. Highlighting this was bullocks, where prices eased 3c to average 310c/kg. Heavy grown steers benefited from stronger domestic competition which helped underpin values. Heavy steers lifted 4c making from 290-336c/kg.

The cow market lost some momentum when not all processors operated. Heavy cows sold 6c cheaper making from 234-250c/kg. Leaner grades sold unchanged to 3c easier making from 217-250c/kg


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