NVLX Wodonga: General trend weaker in variable market

Leann Dax, 09/08/2017

The volatile market continued this week at NVLX Wodonga. Prices varied amongst categories managing a moderate increase in the export run. But the general trend for beef cattle was weaker.

Bidding for young secondary yearling cattle remained erratic, with feedlots still unsure of the season and restricted by grain price forecasts. After significant price cuts over recent weeks, feedlot demand again declined and rates slipped 6-15c/kg. Lighter weight feed steers 330-440 were hardest hit selling at 275-314c/kg. Medium weights sold at 280-315c/kg.

In the yearling trade steer market the best price recorded was 320c with sales above 310c rare, with only odd lots of supplementary fed stock making this money. The bulk of the steers sold at 280-300c/kg.

Trade heifer market prices weekend 14c with competition erratic and some pen lots passed in. Trade heifers 400-500kg made from 270-295c/kg. Lighter trade weights fetched from 255-276c/kg.

Vealers were in short supply and prices at the top end drifted only 2c/kg. The limited supplies sold from 278-315c/kg.

The highlight of the sale was heavy steers 500-600kg with grain assisted portion pushing prices 8c/kg higher. The better finished steers sold at 280-300c/kg. Bullocks were limited and quality was mediocre causing prices to slip 6c to average 277c/kg.

Agents could only muster 280 cows and 12 bulls. The main run of heavy beef cows eased 8c to average 237c/kg. Leaner types dipped 6-10c from 197-230c/kg.


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