In a bigger yarding at NVLX Wodonga some slaughter cattle showed a slightly softer trend this week; however feedlots and restockers continued to support suitable young steers and heifers.
Cattle numbers at NVLX Wodonga lifted marginally to just over 1640, as some producers move to capitalise on the price rise of the past week for heavy cattle.
Numbers decreased slightly to 1540 and results were on par with the previous market; however at times some domestic buyers become more selective across vealer categories.
There was another round of good competition for European vealers and their crosses of 8c/kg across most classes including heavier types. It comes amid tighter supplies at most selling centres.
Helping push prices along was a major processor returning to the market after a lengthy absence. Heavy steers and bullock sold from 7-10c dearer making from 250-276c for the better finished lines.
The market struggled to find a stable base amid mixed quality seasonal variations and concerns of the strengthening dollar.
The cattle market at NVLX Wodonga hit a brick wall as the pressure of weakening competition wiped significant money off some classes of cattle.
The market opened up to mixed price trends with some processors yet to commence buying at physical markets.
The seasonal shortage of top quality domestic slaughter cattle gave the market some edge, with prices improving by up to 10c/kg.
In the smaller yarding of just over 500, rates generally fell for yearling and heavy cattle 4-11c/kg as processor prepare for abattoir closures.
The market continued to fluctuate as it struggles to find price traction this summer.