Markets

NVLX Wodonga 6 Sep 2016: Prices dearer in rain-affected yarding

Leann Dax, 07/09/2016

Heavy rain across much of NSW and Victoria had an immediate effect on prices at NVLX in a smaller larger yarding of 1,240.

Meat & Livestock Australia said cattle prices tracked at dearer levels over most trade categories.

Vealers were limited and all buyers were eager to capture a market share which pushed price 11c higher for the better shaped calves which offered buyers plenty of yield. The better shaped pens sold at 370-405c/kg.

Robust demand from a major domestic processors kicked heifer prices along by more than 10c/kg in places. Trade heifers 330-400kg reached a top of 394c to average 356c/kg. Medium weight trade heifer rates continued to lift selling at 354c to 374.6c to average 364c/kg.

Rain fuelled feeder heifer prices, with a local feedlot buyer dominating the market. Stronger demand for feeder heifers weighing between 330-400kg saw rates lift 11c to average 365c/kg.

Meanwhile in the feeder steer market prices bounced around, due to less feedlot competition and steers which did not meet feedlot specifications. As the market progressed prices equalled last week’s rates reaching a top of 386c to average 372c/kg.

Grown steers and bullocks were in reasonable numbers and quality was quite good. Buyers paid up to 368c for young steers 500-600kg which contributed to a dearer trend of 9c/kg. Competition between some domestic processors and exporters saw the bulk of the better quality bullocks make from 320-351.6c/kg.

There were signs that export processors are prepared to push the market higher, due to diminishing numbers in northern markets. High yielding beef cows topped at 296c to average 283c/kg. Leaner cows were keenly sought a northern processors which resulted in rates increasing by 2c making from 248-285c/kg. Restockers were also inspired to enter the cow market paying up to 242c/kg for younger lean types.

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