Australian Cattle Prices Ease

AUSTRALIA - National cattle prices were slightly cheaper this week, as the higher numbers and mixed quality offerings reduced competition. Young cattle prices showed the largest falls, while export categories held firm, reports Meat and Livestock Australia.
calendar icon 30 March 2012
clock icon 1 minute read
Meat & Livestock Australia

The yearling steer indicator fell 8¢ on last week, settling at 207¢/kg lwt after numbers increased nationally. Feeder steer prices were 1¢ lower on 205¢/kg lwt, as throughput almost doubled. Restocker competition was strong and continued to underpin the Eastern Young Cattle Indicator, which was only 1.25¢ lower for the week on 394.25¢/kg cwt, despite the weaker trade and feeder demand.

Export categories were also cheaper, although prices fell by smaller margins. Heavy grown steer supplies lifted, resulting in prices averaging 6¢ lower on 185¢/kg lwt. Medium weight cow supplies remained tight and this ensured competition was steady, with prices firm on 144¢/kg lwt.

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