29 November 2012

2 minute read

Oceania

Throughput Remains Steady

National throughput at markets reported by MLA’s NLRS was steady on last week’s levels lifting 1 per cent, despite a 16 per cent decline recorded in Queensland.

The large fall was predominately due to Roma store and Warwick yarding 28 per cent and 10 per cent less cattle respectively.

Toowoomba’s throughput was 30 per cent higher but had little effect increasing the states total.

NSW yarded 11 per cent more cattle than this time last week with large increases recorded at CTLX and Wagga. Forbes and Scone lifted around 12 per cent, while numbers at Tamworth were back 21 per cent. Victoria’s throughput lifted 9 per cent as Pakenham and Wodonga’s throughput increased. Consignments in SA were up 10 per cent, while WA and Tasmania were relatively steady.

Quality Remains Plain

Physical markets continue to be dominated by unfinished cattle more suitable for restocker and feeder buyers, while some supplementary fed lines are available for processor orders across the majority of markets.

Feeder and restockers are becoming more selective in their purchases as the number of secondary lines increase. A large selection of supplementary fed yearling heifers were penned at Toowoomba lifting overall quality, while Forbes had good runs of heavy weight cows.

The usual buyers were present across the majority of markets although prices remain sluggish as the quality cattle available declines.

All Indicators Fall

At the conclusion of Tuesday’s markets the Eastern Young Cattle Indicator (EYCI) slipped 11¢ in comparison to this time last week finishing on 331.25¢/kg. The trade steer indicator was back 5¢ on 180¢, while feeder steers averaged 176¢, back 7¢/kg.

Medium steers finished on 167¢, down 6¢ on last week, while heavy steers fell a further 5¢ to 175¢/kg. Medium cows were back 2¢ to 129¢/kg.

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