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.
Prices fluctuated this week, as the market felt the pressure of the extreme weather event and a shortage of export cattle at some selling centres.
Cattle markets in the past week have been erratic and NVLX Wodonga experienced the same fluctuating price trends, depending on quality and competition
Store cattle continued to attract premium rates on the back of rain and the prediction of more this week, but bidding for trade cattle became more selective as pressure mounts with increased supplies at southern markets.
There were some exciting price gains recorded in the trade market as all domestic processors were keen to secure a market share. Price surges of another 7-12c were achieved.
Trade prices lifted as buyers were more intent on competing for a market share on all the better finished lines. Young cattle suitable for the trade generally experienced a 2-6c rise, although there were times where plainer conditioned stock struggled to attract all buyers
Trade prices lifted as more buyers were intent on competing for a market share on all the better finished lines. Young steers suitable for the trade generally experienced a 7c rise, although there were times where plainer conditioned stock struggled to attract solid competition.