Markets

NVLX Wodonga 29 Nov 2016: Prices continue to ease with bigger yarding

Leann Dax, 30/11/2016

Cattle prices continued to ease in a bigger yarding of 2600 at NVLX Wodonga. More numbers came forward in trade categories enabling buyers to back away from the higher rates.

The quality of the offering was excellent giving processors plenty of choice overall weights and grades.

Price corrections of 10-22c were recorded throughout the sale, with vealers and heavy bullocks bearing the brunt.

The price indicator for yearlings and vealers the Eastern Young Cattle indicator ended Monday night sat at 642.5c which is 8.25c/kg lower than a week ago.

Price averages for medium weight grass finished trade heifers slipped 16c with the bulk of the heifers run selling at 285-305c/kg.

Trade steers were well supplied however the bulk of the offering sold to feedlots. The limited number of steers which did sell to the trade fetched 292-306c easing 17c/kg.

The best well finished vealers were keenly sought but at lower rates than the previous sale. The top price recorded was 374c for a pen vealer steers, the bulk of the offering sold 10 to 22c/kg cheaper, making from 318-358c/kg.

Demand for feedlot cattle was strong with the bulk of the steers selling to feedlots. Medium weight Feedlot steers held firm selling from 300-345c/kg. Lighter weights returned 310-350c/kg.

Heifers suitable to feed on saw stronger competition from a local feedlot operator who pushed prices up by 15c/kg. The main run of heifers fetched 305-345c to average 327c/kg.

There was a big selection of heavy bullocks and grown steers and both categories trended lower. Heavy grown steers 500-600kg dipped 13c making from 265-311c/kg. Bullocks sold 12c cheaper to average 295c/kg.

A subdued cow market saw prices slip back 1c-14c/kg higher. Heavy well finished cows made from 238c to 244c/kg. Leaner cows sold to fluctuating price trends selling at 215c to 244c/kg.

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