Markets

Young steer and heifer pries slip on AuctionsPlus

Beef Central, 04/05/2018

PTIC cows averaged $1248 this week, selling to a top of $1560 for this line of five-year-old Te Mania blood Angus cows averaging 521 kg, PTIC to Angus bulls, from Adelong, NSW.

 

ABOVE average temperatures continuing into May, along with below average rainfall across much of the country, resulted in lower buyer confidence and clearance rates on AuctionsPlus this week.

All young steer and heifer categories trended down in price, typically by 10-25c/kg.

“As we continue to move further into a buyers’ market, we are definitely seeing more deals being done post sale,” the platform’s Michael Corcoran reported this afternoon.

Cattle numbers across the country rose this week to 8102 head, up 6 percent or 500 head from the week before.

Joined females were again plentiful this week as producers are still looking to value-add to their females while destocking, with more than 2000 head offered. PTIC cows averaged $1248, selling to a top of $1560 for a line of five-year-old Te Mania blood Angus cows averaging 521 kg, PTIC to Bongongo Angus bulls from Adelong, NSW.

PTIC heifers topped at $1380, to average $1166, with the top price achieved by a quality line of vendor-bred Angus heifers by Rennylea & Kilburnie sires, Merriwa, NSW – 21-22 months old averaging 451kg, and PTIC to Angus bulls.

Cow and calf units were in tight supply this week with only five lots offered. The top price of $2000, well above the reserve, went to a line of station-mated Angus. The cows, 27-30 months averaging 479kg were joined to Hazeldean Angus bulls with Angus calves at foot. The three-in-one combos will be heading west to Ballarat from Nicholson, VIC.

In a breakdown of young cattle sold this week, by weightrange:

  • Steers less than 250kg sold from 249c to 361c to average 310c/kg; while heifers sold from 214-314c to average 259c
  • Steers 250-300kg sold from 260-316c to average 293c; while heifers sold from 230-303c to average 255c
  • Steers 300-350kg sold from 275-296c to average 284c
  • Steers +350kg sold to average 285c.

Steer Highlights

Angus steers 8-9 months, 192kg, from BATHURST, NSW sold for 362c/$695

Angus/Hereford steers 17-19 months, 411kg, from EBOR, NSW sold for 285c/$1170

Angus steers 9-10 months, 338kg, from MANDURAMA, NSW sold for 296c/$1000

Droughtmaster steers 8-11 months, 291kg, from RUBYVALE, QLD sold for 287c/$835

Droughtmaster/Brahman cross steers 6-12 months, 219kg, from RICHMOND, QLD sold for 286c/$625

Simbrah Cross steers 15-22 months, 332kg, from CHARLEVILLE, QLD sold for 276c/$915

Heifer Highlights

Angus heifers 8-9 months, 245kg, from BRAIDWOOD, NSW sold for 284c/$695

Angus heifers 8-9 months, 259kg, from COONAMBLE, NSW sold for 264c/$682

Droughtmaster heifers 10-14 months, 295kg, from CHINCHILLA, QLD sold for 303c/$892

Droughtmaster Cross heifers 7-12 months, 271kg, from YELARBON, QLD sold for 246c/$665

Simbrah Cross heifers 15-18 months, 291kg, from CHARLEVILLE, QLD sold for 230c/$670

Angus heifers 10-12 months, 223kg, from LUCINDALE, SA sold for 315c/$700

Source: AuctionsPlus

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