Last week witnessed a substantial surge in cattle numbers, buoyed by elevated prices and impending sale yard closures for the Christmas break. The market remained resilient for heavy cattle, with exporters from NSW, Victoria, and Queensland playing a pivotal role in sustaining its momentum. A significant influx of feeder buyers, particularly directed towards Queensland, contributed to the overall dynamics.

Despite the higher numbers, sale prices experienced a softening trend primarily due to the sheer weight of the cattle available. The increased volume prompted feedlot buyers to be more choosey, and some opted not to actively chase the market.

Trade buyers found it challenging to match the competitive prices set by feedlots, leading to a scenario where all domestic processors took a step back. Trade steers and heifers were traded in the range of 230c to 255c/kg.

Feedlots took centre stage in the sales, with a major NSW processor emerging as a significant volume buyer across all weight categories. Medium-weight feed steers faced a 14c drop, averaging 293c/kg. Feeder heifers experienced a decline, with a lack of active orders causing the bulk to average 255c/kg.

In the export market, the sales exhibited some volatility as feedlots entered and exited the market, resulting in price fluctuations. Heavy feeder steers remained unchanged, trading between 250c and 309c/kg. Bullocks and heavy steers were sold in the range of 222c to 303c/kg, with the best quality younger lots commanding premium prices.

Cows did not attract the same level of processor interest seen in the previous sale, leading to a decline in prices by 12 to 18c/kg. Heavy cows averaged 227c/kg, while leaner grades were traded in the range of 175c to 217c/kg.

Market reporter: Leanne Dax