Markets

NVLX Wodonga 26 Sep 2017: Vealers recover some of last week’s losses

Leann Dax, 27/09/2017

At NVLX Wodonga cattle prices dipped as numbers lifted to 1640.

The market showed mixed price trends, with some young cattle to the processors dearer.

There was a mixed selection of vealers in all weight ranges and prices trended 9-18c higher after last week’s severe price correction. European veal and their crosses were at times keenly contested with choice pens paid premium rates. The bulk of the vealers made from 234-314c/kg.

Some of the price falls were notable, with grassy heifers well supplied and bearing the brunt of weaker competition. Prices slipped up to 10c with the bulk of the trade heifers selling from 215-262c, with a single pen of grain assisted topping at 280c/kg. Trade steers 400-500kg sold unchanged to 4c dearer to average 264c/kg.

Feeder steers sold to small group of buyers and demand was slightly weaker for medium weights 400-500kg easing 4c/kg. Medium weight steers made from 254-280c/kg. Lighter weights were limited selling from 270-283c/kg.

In contrast the feeder heifer market sold to lack lustre competition for the lighter weights 330-400kg. Generally prices slipped 7c to sell from 230-252c/kg.

After price reductions in recent weeks, bullocks recorded cheaper rates of up to 7c/kg. Major buyers were reluctant to push prices, with reports there was plenty of stock coming direct to works. Bullocks 600kg plus sold at 231-273.6c/kg. Heavy steers 500-600kg attracted steady demand from both exporters and domestic processors to remain unchanged to 2c easier. The better shaped steers made from 250-273.2c/kg.

In the cow market prices went south with most cows sold to very few bids. Heavy cow slipped 11-15c fetching 206-232c. Leaner types were in reasonable supply selling at 184-220c/kg Plain cows mde from 155c to 188c/kg.

 

 

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