Markets

NVLX Wodonga 27 June 2017: Young cattle prices kick

Leann Dax, 28/06/2017

There were some big price improvements for young cattle this week as numbers remained low at 1,146 at NVLX Wodonga.

Top trade weight cattle surged ahead 25- 30c, with buyers pushing prices for the outstanding pen lots of supplementary fed steers and heifers. A noticeable trend coming through the market was improved demand for heifers as buyers switched to young heifers which offered buyers finish and correct fat cover.

Trade heifers 400-500kg topped at 375c, with the bulk making from 290-344c to average 317.9c/kg. Trade steers surged 30c on the back of the outstanding quality and stronger demand. Well finished steers regularly sold from 320-349c/kg.

Vealers generally averaged 361c for the European and their crosses with prices up to 5c/kg better. British bred veal sold from 310-328c, with a fair percentage destined for feedlots. Veal to feed on sold from 315-354c/kg. Vealers returning to the paddock fetched from 310-358c/kg.

Feeder steers prices jumped 9c with Jindalee feedlot back at the market and underpinning rates. The general run of yearling feeder steers 400-500kg sold from 300-352c/kg.

Feeder type heifers were in short supply and prices were up to 9c dearer. Lighter weight heifers 330-400kg sold from 295c-336c/kg.

Scarcity lifted rates for top quality pens of grown steers by 8c/kg as the dry winter and seasonal shortage starts to affect stock available. Heavy steers grain assisted topped at 336c, with the bulk averaging 301c/kg. Bullocks also steamed ahead by 8c making from 260-305c/kg.

Cow numbers more than halved with on 256 cows and 61 bulls. Rates were firm to 3c easier. Heavy cows sold from 238-260c while leaner types ranged from 216-236c/kg.

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