Markets

NVLX Wodonga 31 May 2016: Soaring close to autumn

Leann Dax, 01/06/2016

The market at NVLX Wodonga finished the last week of autumn in style, with prices soaring for export and domestic cattle. Numbers were similar, with agents yarding just over 1,000 head.

Keen buying competition from all sectors drove the market substantially higher. One of the highlights was strong buying from domestic processors for medium and heavy weight steers.

Supplementary fed trade steers attracted stronger competition, with prices jumping 14c to reach a high of 338c to average 330.8c/kg.

Since the rain in the past 10 days fewer young cattle are being offered which helped lift heifer trade prices a further 15c/kg. Medium weight heifers 400-500kg made from 292-335c to average 312c/kg.

Vealers were in limited supply and quality improved with buyers lifting rates 11c in order to secure well finished types. Vealers recorded a top price of 345.2c/kg. Vealers lacking finish sold to stronger restocker inquiry selling at 300-345c/kg.

Feeder steers 400-500kg were frim to 2c easier to average 319c/kg. Secondary heifers to feed on 330-400kg were 3c dearer, making from 295-308c/kg. Plainer shaped pens averaged 275c/kg.

It was more of the same in the export market with a combination of tightening supplies and a lower Australian dollar driving values up by 20c/kg higher. Heavy steers 500-600kg made from 286-337c/kg. Bullocks met stronger demand and the National Live Stock Reporting Service quoted prices 19c dearer with a single pen reaching a top price of 328.6c/kg.

There were 1260 cows penned and prices strengthen under pressure from the short trading week. High yielding beef cows sold 2c higher making from 172c to !90c/kg. Meanwhile leaner grades were keenly sought by both export processors and store buyers which pushed prices up by 2c-3c, leaner grades sold from 152c-182c/kg. Store cows ranged from 150c-176c/kg. Ends….

Cow numbers declined and not all processors operated. All weights and grades were represented. Heavy cows slipped 6c making from 222c-245c to average 237c/kg. Leaner grades were plainer and the better run of leaner cows made from 194-241c/kg to hold firm.

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