Total national throughput has increased 10% on last week’s levels at markets reported by MLA’s NLRS. Queensland yarded 34% more cattle as Roma store and Toowoomba recorded significant increases. NSW however eased 2% with reduced yardings at Forbes, Gunnedah and Wagga. Victoria was firm on last week’s levels, and so too was SA.
Quality remains plain
Quality across the majority of physical markets continues to be mixed across all categories with the plainer lines still we’ll represented. There are reports of increased supplementary fed cattle hitting the market at Inverell, CTLX and Pakenham, while the unfinished cattle dominated at Scone and Wodonga. The regular buyers were all in attendance across most markets however restockers and feeders were hesitant in purchasing as the dryer than usual spring continues.
At conclusion of Tuesday’s markets the Eastern Young Cattle Indicator (EYCI) lifted 1.50¢ on week ago levels to finish on 361¢/kg cwt. The trade steer indicator was unchanged in comparison to last week’s levels on 203¢ while feeder steers strengthened by 4¢ to settle on 193¢/kg. Medium steers fell a further 4¢ on last week to make 180¢, while heavy steers were firm on 184¢/kg. Medium cows eased slightly to 131¢/kg.
Source: Argentine Beef Packers S.A.
Back to News Headlines