Markets

NVLX Wodonga 8 Mar 2016: Easier trend amid hot, dry conditions

Leann Dax, 09/03/2016

Hot dry conditions have led to another large yarding of 2,200 at NVLX Wodonga.

Less processor and feedlot bidding meant most yearling categories showed easier price trends. This meant trade heifers 400-500kg slipped 11c according to Meat & Livestock Australia. The better finished heifers sold at 274-298c to average 284c/kg.

The ongoing hot weather was reflected in the yearling trade steer category, with rates easing back 6c/kg. Steers suitable for the trade were limited, with the bulk of the offering destined for feedlots. The few steers which did sell to processors fetched from 302-313c/kg.

The better quality vealers held their value, with prices at times touching firm, but overall rates did ease 3-4c/kg. The highest price paid was 339c while other sales ranged from 290-335c/kg. Vealer heifers to feed-on met with stronger demand selling at 304-318c, lifting 9c/kg. The steer portion sold to patchy demand slipping 6c to average 314c/kg.

Feeder steer prices generally showed a weaker trend of 2-8c/kg. Medium weight steers were least effected selling at 292-317c to average 309c/kg. Rates fluctuated for the lighter weights making from 292-321c/kg.

Feeder heifers had similar falls with lighter weights selling up to 12c cheaper due to less competition from major feedlots. Medium weight feeder heifers gained some momentum when a buyer commenced to operate late in the sale. The main run of feeder heifers sold from 282-302c to average 289c/kg.

In the export market competition was steady, however some bullocks were showing the signs of the extreme heat and those pens lacking finish draged prices back 6c/kg. The better finished pens were unchanged making form 280-308.6c/kg. Heavy bullocks sold to solid demand with processors paying from 285-309c/kg.

Cow prices slipped further on the back of a cheaper trend last week. Several buyers didn’t compete owing to three rolling weeks of public holidays. Generally rates slipped 10-17c/kg, with leaner grades most affected. Heavy cows sold at 217-240c, while leaner grades made from 196-231c/kg. Plain types to kill sold from 154-174c/kg. Store cows and heifers were keenly sought making from 146-252c/kg.

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