The number of cattle offered at MLA’s National Livestock Reporting Service saleyards bounced back this week, primarily in Queensland, with national numbers up by 65% on last week and 27% above the corresponding week last year.
However, the increased supplies and higher A$ failed to dampen prices across most categories, with the EYCI finishing Thursday at 387¢/kg cwt – the highest price since mid-April.
The only cattle category to register a decline this week was heavy steers (500-600kg C4), with the national and Queensland average both back 6¢ on last week, at 345¢/kg cwt and 333¢/kg cwt, respectively.
Reflecting an improvement in restocker and feeder demand, trade steers nationally averaged 391¢/kg cwt – up 16¢ on last week and just above the corresponding week last year.
Direct to works cattle prices remained largely unchanged on last week, with heavy steers at 331¢/kg cwt – 9%, or 26¢ above the corresponding week last year. Medium cows edged up 1¢, to 275¢/kg cwt.
While the lamb market was mixed this week, most categories managed to hold onto the gains registered throughout July, as yardings for the week increased 23% nationally and NSW numbers tipped over 100,000 head.
Light lambs averaged 4¢ higher, at 431¢/kg cwt, heavy lambs were unchanged on last week at 417¢/kg cwt, while trade lambs declined 9¢, to 439¢/kg cwt.
While much of Queensland continues to remain wet, the picture across the southern states is reportedly much patchier.
From NSW to WA, conditions vary from region to region, from those that continue to look anxiously skywards for season defining rains, to other parts which have been saturated and chilled by traditional winter weather.
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