Cattle prices lifted this week despite a large increase in throughput across Queensland markets.
The Eastern Young Cattle Indicator increased 3.25¢/kg cwt for the week, to finish Thursday at 381.75¢/kg cwt.
Feeder, restocker and processors buyers all contested strongly to secure the better quality cattle, partly reflecting an inability to secure cattle during the recent wet weeks.
Quality continues to be predominantly plain and unfinished in the south, despite pockets of supplementary and crop finished lines.
While the north continues to deliver some outstanding lines of cattle, quality has started to slip, especially across cooler regions.
Although throughput increased for the week, the majority of the eastern states indicators edged higher, consolidating last week’s increase.
The only indicator to register a decline was for medium steers, back 2¢ to settle on 334¢/kg cwt.
The trade steer indicator lifted 4¢, to 382¢/kg cwt, while heavy steers finished stronger on 348¢/kg cwt.
The medium cow indicator average 284¢/kg cwt for the week, up 4¢, while feeder steers jumped up 3¢ on the back of stronger demand, to 205¢/kg lwt.
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