Cattle Market Alert
Despite an increase in numbers in Queensland and WA, national throughput at MLA’s NLRS reported markets dropped seven per cent week-on-week.
21 October 2010
2 minute read
Rain and flooding limits numbers
Meat and Livestock Australia said that in Queensland, finer weather compared to the recent past meant more cattle were yarded at all markets with similar numbers at Roma.
On the other hand heavy rains and flooding in Southern NSW and parts of Victoria resulted in numbers falling in these states as well as SA.
Wagga in the Riverina was most affected by the adverse conditions with supply more than halved, however this did not prevent an easing trend across most categories.
Quality has been generally good with plenty of yearlings and grown steers in well finished condition. Despite a general decent standard there has been a wide variation in quality and condition at some markets with secondary lines being discounted.
Most of the usual buyers have been present and active with some extra NSW competition in some Victorian markets due to limited supply at Wagga on Monday, according to MLA.
Restockers continue to bid strongly on well bred young cattle, while feeder and processor price trends for young cattle varied with disruptions to supply meaning buyers are keen to ensure they secure enough to fill requirements.
After Tuesday’s markets the Eastern Young Cattle indicator (EYCI) settled 1¢ higher than last week at 366.25¢/kg cwt. The trade steer indicator was 2¢ lower at 191¢ and feeder steer eased 1¢ to 195¢/kg lwt.
Grown cattle categories have been impacted by the strong A$ and processors are anticipating a lift in supply if Queensland receives some dry weather. The Japan ox indicator and medium cow both slipped 3¢ to 180¢ and 139¢/kg lwt respectively.
TheCattleSite News Desk
