Markets

NVLX Wodonga 3 May 2016: Market reacts to rain

Leann Dax, 04/05/2016

Cattle were mostly dearer at NVLX Wodonga as the market reacted to the rain and promise of more wet weather over the weekend. The offering of 1450 was similar to last week although quality was plainer over secondary lines.

In early sales there was a lift in the level of demand for secondary yearlings, inspired by strong local feedlot and restocker competition. Local and northern store orders were operating and weaner steers returning to the paddock sold 3c dearer. The dearer price trend was aided by stronger competition from local store buyers. The well-bred weaner steers returning to the paddock 280-320kg made from 311c-319c/kg to average $1016. With increasing numbers of secondary heifers being sold to feedlots, restockers found the going tough paying from 205c-250c/kg for plainer store conditioned types.

The feeder steer market continued to show promise with vealer steers lacking finish 330-400kg slightly dearer to reach a top price of 315c/kg. Well-bred yearling steers were keenly sought and a local feedlot order pushed rates 14c higher for steers, with weight and frame. Medium weight steers 400-500kg sold at 288-321c/kg.

Feeder heifer competition strengthened 7c/kg as there wasn’t great numbers suitable to test the market. Heifers 330-400kg consistently made from 278-295c/kg.

Trade cattle prices gained traction on the back of tighter supplies and increased numbers of well finished supplementary fed yearlings. Trade steers sold 3c dearer topping at 321c to average 308c/kg. The shortage of well finished stock forced processors to compete strongly for the heifer portion lifting prices 5c/kg. The better shaped heifers made from 280c to 305c/kg.

Vealers suitable for the trade were in reasonable supply and the best price pen of vealers sold at 330c/kg. European vealers and their crosses were mostly unchanged selling from 300c-327c/kg.

Prices for heavy grown steers and bullocks sold to stronger prices trends due to the seasonal shortage to top at 311c; however few processors wanted to push rates much above 300c/kg. The better finished pens made from 280-310c/kg.

The supply of beef cows remained similar, 620 penned along with 16 bulls. Not all buyers operated in a slightly dearer market of 2-4c/kg for cows with weight. The better quality beef cows made from 205- 235c/kg. Leaner grades ranged from 183-226c/kg. The bull market sold to solid competition and prices were mostly unchanged. Heavy bulls made from 222-244c/kg. Ends….

 

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