Tuesday daily cattle summary

14 July 2015

Throughput at Toowoomba Elders was steady, with 792 head of predominantly young cattle offered. Buyer attendance was good and prices mostly trended dearer. Light (200-280kg) C2 yearling steers to feeder buyers improved 12¢, averaging 273¢, while the heifer portion gained 4¢, averaging 241¢/kg. Cows also sold to a dearer trend and heavy D4 lines improved 12¢, averaging 237¢ and selling to a top of 249¢/kg.

TRLX Tamworth yarded 1,289 head, back 19% week-on-week, and quality was mixed, with good runs of well-bred cattle suitable for restockers and feeder buyers, as well as some pens of finished cattle off crops. Medium C2 feeder steers improved 2¢, averaging 308¢ and selling to 324¢, while heavy C3 heifers to the trade eased 4¢, averaging 277¢/kg. Heavy C4 grown steers jumped 54¢ on the back of improved quality and additional competition, averaging 330¢, while medium D3 cows to restockers, some PTIC, sold to strong demand, averaging 221¢/kg.

Consignments at Wagga dropped 36%, to 3,470 head, and quality remained similar. Prices for young cattle mostly improved, particularly for finished lines to slaughter. Average EYCI eligible cattle improved 38.12¢, to 575.97¢/kg cwt – one of the dearest markets throughout the eastern states. Medium C2 feeder steers eased 1¢, averaging 313¢, while the heifer portion was steady, at 294¢/kg. Heavy C3 yearling steers to the trade improved 5¢, averaging 322¢, while the female portion gained 12¢, averaging 308¢/kg. Heavy C3 grown steers to slaughter declined 10¢ partially due to quality, averaging 299¢, while heavy D4 cows improved 8¢, averaging 246¢/kg.

At the close of Monday’s markets, the Eastern Young Cattle Indicator (EYCI) finished at 538.25¢, up 3.25¢/kg cwt on where it finished last week and the highest value on record. Trade steers eased 2¢, to 305¢, while feeder steers were steady, at 302¢/kg lwt. Medium steers improved 4¢, to 284¢, while heavy steers jumped 8¢, to close at 298¢/kg lwt. Medium cows averaged 217¢, up 2¢/kg lwt.

Note: All yardings and prices referenced are from MLA’s National Livestock Reporting Service (NLRS) reported saleyards.

For the full list of cattle market reports, please click here.

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