Markets

Offerings down 31pc on AuctionsPlus

Beef Central, 11/07/2022

From Cobrunga Station, Omeo, Victoria, this line of 80 Angus weaner steers 10-11 months averaging 305kg returned 665c/kg or $2030. A further 93 of their lighter steer brothers 232kg made 656-705c/kg, while 70 weaned heifer sisters 210kg made 657c or $1380.

IT WAS a subdued first week of July through AuctionsPlus commercial cattle sales this week, with the 13,010 head offered down 31 percent on the previous week. With overall market sentiment largely reflecting the recent weather – dull and needing some heat – quality lines continued to sell, especially through the PTIC female lines.

Wet, weaker, and worried could sum up the past week in the cattle market.

Wet conditions again caused massive disruptions to the east coast of NSW and some inland regions. The weaker cattle market attracted some attention, with the EYCI slipping briefly below 1000c/kg – albeit that’s below a level that only 12-months ago was yet to be breached.

However, it’s the attention and worry about the FMD outbreak in Indonesia that continues to create growing concerns among producers and the livestock industry.

The 200-280kg category was again the largest across the young steer lines, with the 1541 head offered selling to an improved 60pc clearance. Prices for the 200-280kg steers averaged 19c/kg lower on the previous week, at 693c/kg or $1690/head.

From Moonie, Southern Queensland, a line of 78 Brahman steers 7-11 months averaging 263kg returned $1680.

Steers 280-330kg averaged 8c/kg lower for the week, at 672c/kg or $1928, with a 70pc clearance for the 1091 head offered. From Cobrunga Station, Omeo, Victoria, 80 Angus weaner steers 10-11 months averaging 305kg returned 665c/kg or $2030. A further 93 of their lighter steer brothers 232kg made 656-705c/kg, while 70 weaned heifer sisters 210kg made 657c or $1380.

A reduced offering of 330-400kg steers averaged 8c/kg lower at 626c. From Wagga Wagga, NSW, a line of 29 Angus steers 13-15 months averaging 349kg returned $2114/head, destined for Leongatha, Victoria.

All young heifer categories were lower this week, with the sharpest fall for 200-280kg lines, which averaged $256 or 35c/kg lower on the previous week, at $1392 or 646c/kg, with a 61pc clearance for the 1447 head offered.

From Woolsthorpe, Victoria, 70 Angus weaned heifers 9-10 months averaging 259kg returned the top price of $1760/head, or 679c/kg.

Heifers 280-330kg averaged $137 lower this week, at $1703/head. From Barnawartha, Victoria, ten Limousin heifers 10-11 months averaging 283kg returned $1860/head, purchased by a buyer from Berrigan, NSW. From Wandoan, Queensland, a line of 80 Charolais cross heifers 12-20 months averaging 348kg returned $1800/head.

Breeding cattle

Given the seasonal and market conditions, the final prices for proven joined lines were volatile this week, with the large price movements in both directions reflective of bloodlines, regions, and buyers’ willingness to secure lines.

Some excellent quality lines helped to give the PTIC heifer category a bounce this week, averaging $358 higher, at $2591/head. Ranging from $1960 to $3500, the seasonally smaller offering of 1788 head sold to a 51pc clearance.

From Walcha, NSW, a line of 146 Angus PTIC heifers, split into three even lots as run-out-the-gate, returned $2850. The heifers 21-22 months averaged 437kg were joined to Angus bulls.

A line of 57 Angus-Verified heifers 21-23 months averaging 424kg, preg-tested empty, from Gloucester, NSW, returned $2280, or 538c/kg.

PTIC cows were the largest single category this week, with the 2,225 head offered producing a 54pc clearance. Prices averaged $54 lower, at $2650/head.

From Glenmorgan, Queensland, 63 Santa PTIC cows 4-7 years averaging 580kg, joined to Angus bulls, returned $3000/head – $500 over the reserve.

From Pakenham, Victoria, 13 Angus cows with 14 Angus calves at foot returned $3480 – headed for Blayney, NSW. The cows were aged 2-3-years-old and averaged 504kg.

Prices as at 2pm, Friday 8 July

Source: AuctionsPlus

 

 

 

 

 

 

 

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