Markets

NVLX Wodonga 4 July 2017: Trade cattle prices lift

Leann Dax, 05/07/2017

It was a dearer market at NVLX Wodonga for trade cattle. Agents yarded just over 1,100 and quality was generally fair to very good, however there was a tail in the offering across lighter weight categories.

Trade cattle sold to strong price trends with the supplementary fed portion igniting the bidding. Trade steers jumped 15c topping at 362c to average 349c/kg. The focus then shifted to purchasing well finished yearling heifers which were supplementary fed, with buyers pushing prices out to 353c/kg . The better shaped heifers made from 290c to 345c/kg.

Vealers suitable for the trade were in short supply and prices for odd pen lots were impressive. The best price vealer was 392c/kg for a pen of four European heifer calves. European heifer vealers and their crosses sold 20c higher with the bulk of the steers and heifers selling at 300c-388c/kg.

Overall there was weaker demand for secondary yearlings. The cheaper price trend of 6-14c/kg was aided by fewer feedlot orders. Yearling feeder type steers were in reasonable supply making from 300-344c/kg.

Feeder heifer competition waned slightly and prices dipped 5c for the lighter weight portion to average 322c/kg. Medium weight heifers to feed on were 10c cheaper selling from 298c to 315c averaging 304c/kg.

Rates for heavy grown steers and bullocks showed how the market is still struggling to find a balance between supply and demand. Heavy steers 500-600kg struggled to attract all buyers and fell 12c making from 270-296c/kg. Bullock prices sold to erratic competition and gained 9c selling from 260-311.6c/kg.

The supply of beef cows rose to 580 along with 50 bulls. All buyers attended, which resulted in a dearer trend of 4-9c/kg. The better quality beef cows made from 245- 262c/kg. Leaner grades ranged from 223-252c/kg. The bull market sold to stronger competition. Good quality heavy bulls made from 262-313c/kg. Ends….

 

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