Markets

NVLX Wodonga sale 24 May 2017: Prices up in bigger yarding

Leann Dax, 24/05/2017

Cattle prices strengthened at NVLX Wodonga in a bigger offering of 1374 cattle.

Best presented young slaughter cattle generally sold significantly dearer, while plainer conditioned stock saw rates spike depending on the breed and level of feedlot demand.

Restockers were also inspired by weekend rain, pushing prices up to 20c higher for well-bred stock. Once again the market saw store buyers give a premium for Angus bred weaners. An example of this was a run of 142 store weaner steers and heifers from Jindabyne NSW. A pen of 19 Angus steers weighing 243kg sold for $1110 or 457c/kg with the bulk selling from $955-$1180. The heifer portion sold to equally impressive rates with the top pen weighing 265kg selling at $1015 or 383c/kg. The balance of the Angus heifers made from $515-$1015.

There were some exciting price gains recorded in the vealer run with prices surging 25c/kg for the top pens of European calves. The bulk of the better finished European and their crosses sold from 355-391c/kg. British bred veal sold from 330-365c/kg.

Among the many highlights was the top price for trade steers of 379c/kg, with processors pushing rates for well finished grass or supplementary fed. The main line of trade steers sold from 330-374c/kg.

Trade heifers were keenly sought and the supplementary fed portion drove prices up to 10c higher. Heifers 400-500kg regularly sold from 315-374c/kg.

Demand for feeder steers was intense with prices rising 14c across light and medium weight categories. Well-bred steers benefited from the strongest competition making from 313-358c/kg.

Heavy steers 500-600kg recorded a modest rally of 7c/kg with the European and European cross steers keenly sought by domestic processors. The main lines of heavy steers and bullocks sold from 280-330c/kg.

Cow numbers lifted and all weights and grades were represented. Heavy Angus cows attracted strong competition which helped drive the market higher. Heavy cows lifted 5-8c making from 244-265c/kg. Leaner grades lifted 12c making from 218-247c/kg. Plainer types sold to reinvigorated restocker competition after recent rain. Rates jumped 15c with store cows selling from 214-250c/kg.

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