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NVLX Wodonga 5 Dec 2017: Wet fails to deter annual turnoff

by Leann Dax, 06 December 2017

At NVLX Wodonga wet weather did not deter the annual turnoff of well finished cattle with numbers increasing to just over 2,200.

Prices fluctuated this week, as the market felt the pressure of the extreme weather event and a shortage of export cattle at some selling centres.

Export cattle sold to stronger trends, with the main category of heavy steer’s 500-600kg lifting 6c/kg to average 268c/kg. Southern domestic buying competition was sporadic at times, with a single export buyer underpinning rates. It was an excellent line up of bullocks with plenty of weight however; buyer competition again fluctuated with some sales jumping 5-6c/kg as the sale progressed. Well finished pens of bullocks made from 256-278c/kg.

Each agent offered outstanding pen lots of top quality vealers. Due in part to increased supplies rates softened 5c-9c/kg. European vealers and their crosses made from 280c-323c/kg. Other sales of veal sold to fluctuating price trends dependent on fat cover and freshness making from 277-290c/kg. European vealer types lacking finish sold to strong feedlot demand making from 282-317c/kg.

The trade market was boosted by strong domestic competition on all drafts of better finished steers 400-500kg. Well finished steers gained 6c making from 268-305c/kg.

Trade heifer’s prices strengthened 3c/kg this week as most domestic buyers competed for a market share. The better finished medium weights sold from 248-288c/kg. Lighter weight heifers which were either grain fed or grass finished made from 250-295c/kg.

The strength of feedlot buyers for medium weight steers was stronger, with the best pen topping at 309c to average 296c/kg.

The feeder heifer market lacked the drive of previous sales, with some feedlot buyer’s not operating. Lighter weight feeder heifers were not the quality of previous weeks causing prices to slip 8c selling from 244-265c/kg.

Cow numbers slipped to just over 430 with the main run of high yielding beef cows selling 2-5c dearer to average 235c/kg. Leaner grades sold to strong competition lifting 5c receiving 205-231c/kg.



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