Cattle Market Alert:
AUSTRALIA - Cattle numbers improve in Victoria and cattle prices soften, reports Meat and Livestock Australia (MLA).
19 October 2011
1 minute read
Cattle numbers improve
National cattle yardings at physical markets reported by MLA's NLRS increased by six per cent, with Victorian numbers particularly strong.
Queensland throughput remained stable overall, however numbers at the Roma prime market lifted by 22 per cent. NSW supplies were up by six per cent despite some weekend rain and Victorian consignments improved by 22 per cent.
SA supply were back by 11 per cent, however WA throughput lifted 38 per cent as more pastoral cattle were yarded at Muchea.
Prime cattle abundant
Prime cattle entering the physical markets remain in excellent condition, although a fair sample of young cattle were once again suited to restockers and feeders. Prime cattle are generally yielding well, while the improving seasonal conditions continue to underpin restocker demand.
Prices soften
After Tuesday's markets the Eastern Young Cattle Indicator (EYCI) was 3.25¢ lower for the week on 395.5¢/kg cwt. The trade steer indicator was 2¢ lower on 212¢ and feeder steer prices finished on 211¢/kg lwt.
Heavy steers were 4¢ cheaper on 195¢, as the medium cow indicator was stable on 152¢/kg lwt
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