Strong Supply Of Steers To Markets
AUSTRALIA - Meat and Livestock Australia reports yearling steers to feed up six cents on Tuesday in the daily livestock article.
Numbers were fairly stable at Toowoomba, with heavy steer and bullocks well supplied.
Yearling steers to feed were six cents dearer on 218¢ as a run of certified grainfed heifers averaged 174¢/kg. Medium weight grown steers reached 174¢, while the bullocks were three cents cheaper on 172¢/kg.
Lean cows mainly made 126¢ and the better quality pens were on 143¢/kg.
Throughput was mainly unchanged at Tamworth with young cattle dominating supply.
Medium feeder steers sold to solid competition and were firm on 198¢, while a fair run of heifers to restockers sold from 188¢ to 200¢/kg.
Heavy steers were mainly four cents higher on 175¢, and good heavy cows made 153¢/kg.
Supply fell moderately at Wagga and quality was good. Light yearling steers to feed and restock reached 227¢, while the medium weights to feeders settled on 198¢/kg.
Heavy steers to the trade were on 194¢ and the heifer portion was strong on 183¢/kg. Heavy grown steers topped at 196¢ and averaged 189¢, and the best of the heavy cows mainly sold at 152¢/kg.
After Monday's markets the Eastern Young Cattle Indicator (EYCI) was eight cents higher for the week on 380.5¢/kg cwt. Trade steer prices remained unchanged on 212¢ and feeder steers eased one cent to 200¢/kg.
Heavy grown steers were three cents dearer on 180¢ and medium cow finished one cent lower on 137¢/kg.
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