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MLA: Australian Cattle Markets Firm

30 March 2015
Meat & Livestock Australia

AUSTRALIA - Buyers were competing in a firm to dearer market at cattle yards in Australia this week, wrote analysts at Meat and Livestock Australia (MLA).

At the close of markets on Thursday 26 March, the Eastern Young Cattle Indicator (EYCI) finished at 421.50¢, up 2.25¢/kg cwt on where it finished the previous day.

Trade steers were steady, at 222¢, while medium steers improved 1¢, to 210¢/kg. Feeder steers jumped 2¢, to 230¢, and heavy steers improved 1¢, to 222¢/kg. Medium cows averaged 165¢, up 3¢/kg.

Throughput at Roma Prime almost tripled week-on-week, with 1,803 fair to plainer quality head yarded.

After an extended absence, a Queensland processor re-joined the full panel of buyers, who competed in a firm to dearer market.

To slaughter, D4 bullocks averaged 216 Australian cents, selling from 215¢ to 217¢, while light (0-540kg) D4 grown heifers averaged 196¢, up 1¢ week-on-week.

Heavy D4 cows averaged 185¢, up 2¢, while heavy C3 bulls mostly made 214¢, back 2¢ on last week.

Dubbo yarded 4,900 head, back 9 per cent week-on-week, and, with all the usual buyers operating, prices mostly averaged dearer.

Few trade quality young cattle were offered, with most lines suitable to feed or background orders. Heavy C2 yearling steers onto feed averaged 243¢, selling from 210¢ to 258¢, while the C3 heifer portion to the trade averaged 210¢, back 4¢ on last week.

Heavy C3 grown steers to slaughter jumped 21¢, averaging 214¢, while heavy D4 cows improved 4¢, averaging 178¢/kg.

Consignments to Bairnsdale were down 13 per cent, with 1,487 head yarded. There were some very good quality cattle penned, however there was an increased supply of cattle lacking finish.

All the usual buyers were operating in what was mostly a firm market. Heavy C3 yearling steers to the trade eased 4¢, averaging 231¢, and the D3 heifer portion eased 3¢, averaging 216¢/kg.

Heavy D3 grown steer to slaughter improved 3¢, averaging 223¢, and medium D3 manufacturing steers jumped 13¢, averaging 206¢/kg. Heavy D4 cows averaged 177¢, up 6¢ week-on-week.

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