The majority of cattle were better suited for feedlots.

However, the trade market faced challenges in establishing a stable foundation, resulting in unpredictable price fluctuations.

Prices for most finished trade cattle suffered due to weak demand, which had become a recurring trend in the market.

Major feedlot buyers displayed limited interest, and competition became sporadic once cattle prices exceeded the 220c/kg.

Simultaneously, demand from domestic processors remained dull.

Feeder steers, which attracted only a small group of buyers, witnessed an 8c to 15c price decrease, with medium weights averaging at 203c/kg. Light-weight feed steers also softened by 6c, with an average price of 206c/kg.

On a positive note, light-weight feeder heifers in the 330 to 400kg weight range improved by 8c, averaging at 171c/kg.

Trade steers and heifers faced irregular demand as buyers hesitated to compete against each other or feedlots. Heifers weighing between 400 to 500kg experienced a 22c/kg decline in prices, while trade steers, though in reasonable numbers, fetched prices ranging from 155c to 298c/kg depending on their quality and coverage.

In the export market, bidding initially lacked enthusiasm; however, momentum gradually built as the sale progressed. Heavy steers sold at a 5c lower rate, averaging 216c/kg. Bullock prices remained mostly unchanged, with some experiencing a slight decrease, averaging 221c/kg. The cow market mainly consisted of heavy types, in prime condition. Prices for heavy cows increased by 1c to 5c/kg, with heavy D4 cows selling between 159c and 185c/kg. Leaner-grade cows fetched prices ranging from 110 to 166c/kg.

Market reporter: Leanne Dax