Queensland weekly cattle summary
14/11/2008
Export values tumble Useful falls of follow-up rain across parts of areas in the south of the state reduced numbers dramatically at some early week markets, while others climbed to slightly higher levels as a big percentage of stock were drawn from far western districts that missed out on the rain. Overall for the week across the state numbers at physical markets covered by MLAs NLRS remained very close to the previous week level. Supply at Longreach for the second last sale for the year experienced very little change in size, while numbers at Dalby climbed up with a larger numbers of plain condition grades. Calves and vealers enjoyed a dearer trend with calves experiencing improved competition from both the trade and restockers to lift in value by 6¢ to 13¢/kg. Southern processors were very active on the vealer heifers and prices lifted accordingly by 3¢ to 10¢/kg. Trade feeders at Dalby improved by 4¢ to 6¢/kg for all weight ranges and prices for slaughter grades also managed to turn around and realise gains of 2¢ to 3¢/kg. However export grades suffered price reductions across all categories. Steers and bullocks commence the week with falls of 6¢ to 7¢/kg and cows lost similar amounts. Nevertheless by midweek a large supply of grown steers and bullocks experienced further downward pressure and average prices plummeted by close to 20¢/kg. A shorter supply of cows were affected by the downturn however to a lesser degree with falls confined to around 8¢ to 10¢/kg. Large numbers of bulls are being turned off prior to the end of the year and values generally fell by 6¢ to 7¢/kg. Young cattle dearer Calves to the trade were dearer by 6¢ to average 199¢ with sales to 218.2¢, and restocker classes lifted in value by 13¢ with most around 195¢/kg. A relatively small sample of well bred vealer steers sold to restockers close to 20¢ dearer to average 223¢ with sales to 229.2¢/kg. Vealer heifers to the trade gained 3¢ to average 180¢ with some to butchers reaching 210.2¢/kg. The largest numbers of yearling steers to feed averaged up to 6¢ better with most in the mid 180¢/kg range. Yearling heifers purchased by the trade improved 4¢ to average 170¢ with sales in the heavyweight range to 203.6¢/kg. Medium weight grown steers to feed gained 2¢ with most sales around 180¢ with some to 189.6¢/kg. A large supply of heavy steers to export slaughter overall loss 14¢ to average 171¢ with sales to 184.2¢/kg. Good heavy bullocks across all markets were 17¢ cheaper at 170¢ and sold to 187.6¢/kg. A fair sample of certified grainfeds averaged 184¢ and sold to 186.2¢/kg. Medium weight 2 score cows averaged 2¢ less at 121¢, and 3 scores 3¢ cheaper at just under 137¢/kg. Good heavy cows sold to 156.6¢ with most 5¢ easier at 148¢/kg. Heavy bulls made to 162.2¢ to average 7¢ cheaper at 150¢/kg.
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