Australia - Rain hits cattle markets

09 Feb 2013

CATTLE numbers reduced significantly this week as widespread flooding across southern Queensland and northern NSW cut roads and restricted stock movements. 

Roma store was the only Queensland market operating, albeit at reduced numbers, while Forbes, Inverell, Tamworth and Wagga Wagge were closed due to the Australia Day holiday on Monday. 

Consignments at CTLX were back 19 per cent, while Goulburn, Gunnedah and Scone had significantly reduced yardings. 

Throughput in Victoria was reduced as Shepparton yarded 6pc less although more vealers were offered than last week. 

Numbers at Wodonga lifted with good runs of grown steers and bullocks offered. Consignments in South Australia were back with Naracoorte yarding 50pc less cattle. 

Quality across all categories remains mixed despite the reduction in supply across the eastern states. 

Secondary lines suitable for restocker and feeder buyer remain abundant, however, well finished young cattle are scattered through markets at Scone and Camperdown. 

The usual buyers were present at markets, with most restockers and feeders competing well for the reduced numbers of stock. 

Processors were also active on well conditioned cows and bullocks available, however the usual buyers were absent at Roma and not operating at Camperdown. 

At the conclusion of Tuesday's markets the Eastern Young Cattle Indicator (EYCI) finished on 324.75 cents, up 12.25c/kg cwt due to a reduction in supply. 

Trade steers settled on 171c, up 6c on last week while feeder steers averaged 175c/kg. 

Medium weight steers made 157c, while heavy weights finished on 166c, 2c higher week-on-week. 

Medium cows lifted 2c on 125c/kg. 


Source: farmonline.com.au


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